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BlackBerry beats quarterly revenue estimates -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This illustration shows the Blackberry logo on a smartphone positioned in front of an illustrated stock graph. It was taken in February 20, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Wall Street analysts had predicted that BlackBerry Ltd, a Canadian software firm, would surpass third-quarter revenues on Wednesday. The strong demand for cybersecurity services by BlackBerry Ltd (NYSE:) Ltd was aided by the increased remote work environment and pandemic.

According to IBES data from Refinitiv, revenue fell to $184million for the third quarter, down from $218 million one year ago, but analysts had an average expectation of $177.25m, which was higher than what they were expecting, IBES data shows.

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