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BlackBerry -9% to two-month low after earnings

Jun. 22, 2018 11:28 AM ETBlackBerry Limited (BB) Stock, BB:CA StockBy: Jason Aycock, SA News Editor27 Comments
  • BlackBerry (NYSE:BB) has turned lower during the market session, down 9% to a two-month low, despite a headline beat in its earnings report mainly on the back of legacy business.
  • Revenues dropped 11%, but enterprise software and services took a tough fall, down 14% Y/Y and down 27% sequentially.
  • The company today also announced a new partnership to embed its security technology into a range of Caterpillar and Land Rover branded products. The deal with UK-based Bullitt Group will develop connected devices certified as "BlackBerry Secure."
  • "This new deal will allow us to expand our BlackBerry Secure footprint into the more than 100 markets that Bullitt Group currently distributes its products, especially in Europe, the Middle East and Africa,” says BlackBerry's Alex Thurber.
  • Related: BlackBerry: No Major Progress (Jun. 22 2018)

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