BlackBerry jumped over 6% in premarket trading

(Sept 23) BlackBerry jumped over 6% in premarket trading. BlackBerry EPS beats by $0.01, beats on revenue.

• BlackBerry: Q2 Non-GAAP EPS of -$0.06beats by $0.01; GAAP EPS of -$0.25misses by $0.12.
• Revenue of $175M (-32.4% Y/Y)beats by $10.72M.
• Non-GAAP gross margin was 64.6% vs. 77.2% Y/Y, consensus of  64.8%.
• Total cash, cash equivalents, short-term and long-term investments were $772 million.
• "Revenue for all businesses beat expectations this quarter.  The Cyber Security business unit delivered robust sequential billings and revenue growth and the IoT business unit performed well in the face of global chip shortage pressures," said John Chen, Executive Chairman & CEO.

Outlook:BlackBerry will provide fiscal year 2022 outlook in connection with the quarterly earnings announcement on its earningsconference call.