{"id":2520,"date":"2018-03-28T07:59:11","date_gmt":"2018-03-28T11:59:11","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=710c724fc7a006229b9229c6ed2ac922"},"modified":"2018-03-28T11:02:54","modified_gmt":"2018-03-28T15:02:54","slug":"blackberry-shares-jump-after-profit-beats-expectations-on-software-gains","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/03\/28\/blackberry-shares-jump-after-profit-beats-expectations-on-software-gains\/","title":{"rendered":"BlackBerry profit beats expectations on software gains"},"content":{"rendered":"<p>BlackBerry Ltd beat adjusted profit estimates for the fourteenth straight quarter, helped by higher margins on software and services sales.<\/p>\n<p>The company, which reinvented itself after customers ditched its smartphones for Apple\u2019s iPhones and Android devices, said revenue from its enterprise software and services business came in at US$108 million, up from US$91 million last year.<\/p>\n<p>Gross margins rose to 76 per cent in the quarter from 60.1 per cent last year.<\/p>\n<ul class=\"related_links\">\n<li><a href=\"http:\/\/business.financialpost.com\/technology\/blackberry-signs-in-car-software-deal-with-jaguar-land-rover\">BlackBerry signs in-car software deal with Jaguar Land Rover<\/a><\/li>\n<li><a href=\"http:\/\/business.financialpost.com\/technology\/blackberry-says-new-software-bridge-to-microsoft-products-will-increase-security\">BlackBerry says new software bridge to Microsoft products will increase security<\/a><\/li>\n<li><a href=\"http:\/\/business.financialpost.com\/investing\/blackberry-ceo-chen-gets-128-million-award-to-continue-revival\">BlackBerry CEO John Chen gets $128-million award to stay on for at least 5 more years<\/a><\/li>\n<\/ul>\n<p>Excluding one-time items, the Waterloo, Ontario-based company earned 5 cents per share. Analysts on average had expected the company to break even, according to Thomson Reuters I\/B\/E\/S.<\/p>\n<p>Net loss narrowed to US$10 million, or 6 cents per share, in the fourth quarter ended Feb. 28, from US$47 million, or 10 cents per share, a year earlier.<\/p>\n<p>The company\u2019s revenue fell 18.5 per cent to US$233 million.<\/p>\n<p>U.S. listed shares of the company were up 7 per cent at US$13.25 Wednesday before markets opened.<\/p>\n<p>\u00a9 Thomson Reuters 2018<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts on average had expected the company to just break even<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2520"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2520"}],"version-history":[{"count":3,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2520\/revisions"}],"predecessor-version":[{"id":2587,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2520\/revisions\/2587"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}