March 31, 2021

BlackBerry said yesterday that fourth-quarter revenue fell short of expectations and said it was in talks with a North American company about selling patents from its mobile technology portfolio.

Its portfolio mainly includes mobile devices, messaging and wireless networks.

That report sent BlackBerry shares down 3% in late trading.

Revenue in the three months to January fell to $215 million, or 3 cents a share, in net income.

Revenue was below the company’s own forecast and below analysts’ average estimate of $244.8 million.

In addition, revenues from licenses and other activities totaled $50 million in the quarter.

Wall Street expects $238.2 million and earnings per share of 2 cents for the quarter, with full-year revenue of $1.019 billion and earnings of 13 cents.

For more information, you may view the original story from ZDNet.