BlackBerry Ltd reported its strong operating cash flow in nine years, sending its stock higher on Thursday. The company said its AI-focused unit proved a testing ground for artificial intelligence adoption, helping lift the quarter. Adjusted earnings came in at $0.04 per share, exceeding the consensus estimate of $0.03. Revenue for the second quarter is projected between $137 million and $148 million. After the stronger-than-expected results, BlackBerry raised its annual revenue outlook. Stifel began coverage with a buy rating, citing the firm’s focus on AI. The news follows a series of bullish reports on the stock.
Latest News About BlackBerry shares surge after first positive cash flow in years
Sources & References
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BB Stock Climbs After First Positive Operating Cash Flow In 9 Years - BlackBerry Says Automotive's Been A Proving Ground For Demands Of Physical AI - Yahoo Finance
BB Stock Climbs After First Positive Operating Cash Flow In 9 Years - BlackBerry Says Automotive's Been A Proving Ground For Demands Of Physical AI Yahoo Finance
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BlackBerry lifts annual revenue forecast as QNX unit powers growth - Reuters
BlackBerry lifts annual revenue forecast as QNX unit powers growth Reuters
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BlackBerry surges after Q1 beat, raises fiscal 2027 outlook (BB:NYSE) - Seeking Alpha
BlackBerry surges after Q1 beat, raises fiscal 2027 outlook (BB:NYSE) Seeking Alpha
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BlackBerry (BB) Forecasts Revenue for Q2 Between $137M and $148M - GuruFocus
BlackBerry (BB) Forecasts Revenue for Q2 Between $137M and $148M GuruFocus
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Earnings Flash (BB) BlackBerry Limited Posts Q1 Adjusted EPS $0.04 per Share, vs. FactSet Est of $0.03 - marketscreener.com
Earnings Flash (BB) BlackBerry Limited Posts Q1 Adjusted EPS $0.04 per Share, vs. FactSet Est of $0.03 marketscreener.com