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Could BlackBerry's Q1 Earnings Beat Further Fuel The Stonk Rally?

Benzinga2021-06-25

Canada-based security software company BlackBerry Limited (NYSE:BB), a Reddit-favorite stock, reported first-quarter earnings that matched analysts’ expectations while revenues beat estimates.

What Happened: BlackBerry’s first-quarter net loss narrowed to $62 million, or $0.11 per share, from $315 million or $0.56 per share in the year-ago quarter.

Adjusted loss was $0.05 per share, while revenue fell 17% from the year-ago period to $174 million. Analysts, on average, had expected the company to report an adjusted loss of $0.05 per share on sales of $171.25 million.

Why It Matters: BlackBerry is among the so-called stonks — stocks favored by the retail crowd. The stock continues to see high interest on Reddit’s r/WallStreetBets forum and its year-to-date gains stand at 91.25%.

Blackberry’s earnings results appeared to please the company’s supporters, based on the posts on the WSB forum.

A user with the handle u/TexasThrowDown on the WSB forum noted that “BlackBerry isn't a squeeze play, but a long-term value play.”

“BBTO100!!! To the moon and #MARS!,” read another post.

Price Action: BlackBerry shares closed 3.5% lower in Thursday’s regular trading session at $12.68.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论29

  • Rayyyljh
    ·2021-06-26
    Oo
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  • Aaronnew
    ·2021-06-25
    What happened to the meme power..
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  • Crafty88
    ·2021-06-25
    Could it be the other way round ?
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  • Altas
    ·2021-06-25
    Let’s go 
    回复
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  • BhaskarB
    ·2021-06-25
    Probably
    回复
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  • Dijeo
    ·2021-06-25
    👍
    回复
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    收起
    • Dijeo
      .
      2021-07-05
      回复
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  • ZhengDe
    ·2021-06-25
    Let's go
    回复
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  • lottery88
    ·2021-06-25
    Up Up Up
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  • STEVELEONG
    ·2021-06-25
    👍
    回复
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  • BBBBBBBBBB
    ·2021-06-25
    Like n comment 
    回复
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  • SilverAmour
    ·2021-06-25
    Watching....not sure any power left though
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  • moondream
    ·2021-06-25
    [强] 
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  • Shanemally
    ·2021-06-25
    LETS RIDE IT, CMON BB. JUST BOUGHT ANOTHER 100 SHARES 
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  • TehOChris
    ·2021-06-25
    Anyone has T in the 5 letter tiger card thing? Add me pls, we can trade cards:)
    回复
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  • Ivan8888
    ·2021-06-25
    yes
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  • Benjilion
    ·2021-06-25
    Good!
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  • Khoogl
    ·2021-06-25
    Great 
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  • chaisiewling
    ·2021-06-25
    like 
    回复
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    收起
    • ykang
      Lets ride the wave of BB recovery
      2021-06-25
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  • ngckkk
    ·2021-06-25
    yes!! let's go bb! 
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    收起
    • emolean
      Great
      2021-06-25
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  • Khoo12
    ·2021-06-25
    Wow
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