Blackberry shares fell Tuesday, after the company reported weaker-than-expected revenue for its fiscal second quarter.
The smartphone maker reported a loss of -10 cents a share for its fiscal second quarter, wider than the year-ago quarter’s -4 cents loss a share.
On an adjusted basis, the company had breakeven per-share earnings, compared to -1-cent loss expected by analysts polled by FactSet.
Blackberry’s revenue for the quarter increased to $244 million (from $210 million), falling short of the $268 million expected by analysts.
Looking ahead, BlackBerry has predicted total company non-GAAP revenue growth in the range of 23% to 25% for fiscal 2020, on expected double-digit percentage growth in year-over-year billings.