Investing.com - BlackBerry (NYSE:BB) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BlackBerry announced earnings per share of $-0.05 on revenue of $168M. Analysts polled by Investing.com anticipated EPS of $-0.0623 on revenue of $157.08M.
BlackBerry shares are down 42.57% from the beginning of the year, still down 60.10% from its 52 week high of $13.46 set on June 23, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
BlackBerry shares lost 1.30% in after-hours trade following the report.
BlackBerry follows other major Information Technology sector earnings this month
BlackBerry's report follows an earnings beat by NVIDIA on May 25, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on May 26 with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
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