BlackBerry Limited (NYSE: BB) posted upbeat second-quarter results on Thursday.
BlackBerry reported quarterly earnings of $0.04 per share, which beat the analyst consensus estimate of $0.01. Quarterly revenue of $129.6 million, up 3% year-over-year, beating the Street estimate of $122.1 million.
For the third quarter, BlackBerry expects earnings per share of 2 cents-4 cents, versus the consensus estimate of 3 cents. Furthermore, the company expects sales to be between $132 million and $140 million, compared to the consensus estimate of $137.73 million.
Blackberry anticipates FY26 adjusted earnings per share of 11 cents-15 cents (prior 8 cents-10 cents), versus the consensus estimate of 9 cents. Additionally, the company expects sales to be between $519 million and $541 million (prior: $508 million to $538 million), compared to the consensus estimate of $530.61 million.
BlackBerry shares gained 5.7% to $4.9150 on Friday.
These analysts made changes to their price targets on BlackBerry following earnings announcement.
- Baird analyst Luke Junk maintained BlackBerry with a Neutral and raised the price target from $5 to $5.5.
- RBC Capital analyst Paul Treiber maintained the stock with a Sector Perform and raised the price target from $4 to $4.5.
Considering buying BB stock? Here’s what analysts think:
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