BlackBerry Stock Surged 20 Percent On Profitable Growth Milestone
BlackBerry stock jumped twenty percent after the company posted strong quarterly earnings and profitable growth.
BlackBerry reported revenue of 152.9 million dollars, a 26 percent increase from the previous period. The company's QNX software is now used in over 275 million vehicles, driving a 144 percent increase in adjusted EBITDA. Management has officially raised its fiscal 2027 earnings guidance following five consecutive profitable quarters.
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