BlackBerry Stock Tanks despite Earnings Beat
BlackBerry (BB) announced its fiscal Q1 2019 results on June 22, reporting non-GAAP revenue of $217 million. It reported operating income of $12 million with EPS of $0.03 for the quarter that ended in May. It reported positive operating profit for the sixth consecutive quarter. During the company’s earnings call, its CEO John Chen stated, “We are off to a pretty good start for the fiscal 2019.