Is BlackBerry a Buy After Beatings Earnings?
's (NYSE: BB) sales numbers jumped last quarter, and its loss narrowed. The company has been closing on more deals, and its software is in millions of more vehicles.
BlackBerry looks to be on a much more positive trajectory, and its shares have risen almost 60% this year, but can this rally continue? Here's a closer look at its recent earnings performance and whether the stock is a buy right now.
BlackBerry's revenue for the three-month period ended May 31 totaled $373 million, which was more than double the $168 million that it reported a year earlier. But that growth is misleading, because the company sold the noncore portion of its patents, which injected its licensing segment with an additional $218 million revenue. Take that out, and BlackBerry's total revenue becomes $155 million, which represents an 8% year-over-year decline in the top line.
Source Fool.com
