Why BlackBerry Stock Surged to a New 52-Week High Today
Yahoo Finance ·
Shares of BlackBerry ( BB +10.25% ) rose sharply on Friday after the software specialist's earnings topped investors' expectations. BlackBerry's revenue jumped 26% year over year to $152.9 million in its fiscal 2027 first quarter, which ended on May 31. The former smartphone maker now provides a secure, real-time operating system known as QNX that's used in fast-growing markets like automotive technology, industrial automation, medical devices, and robotics . BlackBerry's QNX revenue climbed 26% to $72.3 million. The division is also becoming more profitable as it expands, with its adjusted gross margin improving by 5 percentage points to 86%.
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