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.
