Blackberry posted its third-quarter loss of -5 cents a share on a diluted basis, compared with a loss of -23 cents a share in the year-ago quarter. Adjusted earnings, which exclude stock-based compensation expenses and other items, were break-even a share. Analysts polled by FactSet had expected a loss of -7 cents a share.
Revenue fell to $184 million from $218 million in the year-ago period. Analysts surveyed by FactSet had predicted revenue of $173.6 million.
“In IoT, our QNX business achieved a quarterly record for design-related revenues, performing stronger than expected despite ongoing industry supply chain headwinds,” said John Chen, BlackBerry chief executive and chairman. “On the cybersecurity front we saw further traction for our recent unified endpoint security product launches with additional head-to-head wins against other next-gen players.”