April 2 - BlackBerry (NYSE:BB) delivered stronger-than-expected fourth-quarter results, but its shares fell nearly 2% in pre-market on Wednesday trading as the company issued weaker-than-anticipated guidance.
For the quarter ended Feb. 28, BlackBerry reported adjusted earnings per share of $0.03, surpassing analyst expectations of $0.02. Revenue reached $141.7 million, exceeding the consensus estimate of $132.2 million and reflecting an improvement from the prior year.
CEO John J. Giamatteo highlighted robust financial performance across its three divisions, QNX, Secure Communications, and Licensing. QNX revenue increased 6% sequentially to $65.8 million, while Secure Communications generated $67.3 million, surpassing company guidance. Licensing revenue also topped forecasts at $8.6 million.
Moreover.The company's total cash and investments rose by $144 million sequentially to $410 million, supported by improved cash flow and proceeds from the partial sale of Cylance to Arctic Wolf.
Despite the strong quarterly results, BlackBerry provided a weaker-than-expected outlook. First-quarter revenue is projected between $107 million and $115 million, below the consensus estimate of $128.4 million. Full-year fiscal 2026 revenue is expected to range from $504 million to $534 million, missing Wall Street's forecast of $550.6 million.
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