BlackBerry (BB) Climbs 20% as Profit Quadruples

BlackBerry Ltd. (NYSE:BB) is one of the 9 Stocks Winning by Double Digits.

BlackBerry saw its share prices jump by 19.95 percent on Thursday to close at $10.34 apiece, after more than quadrupling its net income in the first quarter of fiscal year 2027.

In an updated report, BlackBerry Ltd. (NYSE:BB) said that it raked in $8.5 million in net income during the period, marking a growth of 347 percent from the $1.9 million in the same period last year.

Revenues increased by 25.6 percent to $152.9 million from $121.7 million, thanks to a strong 26-percent revenue jump from its QNX business at $72.3 million, and a 24-percent increase in revenues from secure communications.

The actual revenues exceeded its $132 million to $140 million guidance for the quarter.

"Our first quarter results demonstrate continued momentum following our transformation, as we advance our strategy to drive profitable growth. We exceeded expectations for revenue, profitability, and cash generation through solid performance by our world-class QNX and Secure Communications teams," BlackBerry Ltd. (NYSE:BB) CEO John Giamatteo said.

"We are particularly encouraged by the multi-year growth opportunities ahead in

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/blackberry-bb-climbs-20-profit-031618754.html)