Investor Alert

Sept. 24, 2020, 7:50 a.m. EDT

BlackBerry adjusted profit tops views

By Allison Prang

BlackBerry Ltd. reported a narrower loss from a year earlier while adjusted earnings and the company's top line beat analysts' estimates.

BlackBerry logged a loss of $23 million, compared with a $44 million loss a year earlier. The company's loss was 4 cents a share, compared with a loss a year earlier of 10 cents a share.

Adjusted earnings, BlackBerry reported, were 11 cents a share. According to FactSet, analysts were expecting an adjusted profit of 2 cents a share.

Revenue was $259 million, up 6.1% from the comparable quarter a year ago. Adjusted revenue was $266 million. Revenue was more than Wall Street expected.

Write to Allison Prang at allison.prang@wsj.com

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