Advertisement
Canada markets closed
  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CAD/USD

    0.7273
    +0.0010 (+0.13%)
     
  • CRUDE OIL

    83.32
    +0.59 (+0.71%)
     
  • Bitcoin CAD

    88,143.33
    +769.45 (+0.88%)
     
  • CMC Crypto 200

    1,381.07
    +68.45 (+5.41%)
     
  • GOLD FUTURES

    2,403.00
    +5.00 (+0.21%)
     
  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     
  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     
  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     
  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • CAD/EUR

    0.6823
    +0.0002 (+0.03%)
     

BlackBerry Stock Tanks despite Earnings Beat

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.