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BlackBerry beat Q3 earnings estimates despite a revenue drop, showing strength in cybersecurity and IoT.
BlackBerry reported better-than-expected Q3 earnings, with a $0.02 EPS, surpassing analyst estimates by $0.03, despite a 5.9% drop in revenue year-over-year.
The company's Cybersecurity and IoT divisions showed strong performance, contributing to a return to profitability and positive cash flow.
BlackBerry also announced the sale of its Cylance cybersecurity unit to Arctic Wolf, aiming to improve its financial profile.
Shares traded down slightly to $2.98 amid mixed financial results and softer future guidance.
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BlackBerry superó las estimaciones de ganancias de Q3 a pesar de una caída de ingresos, mostrando fortaleza en ciberseguridad e IoT.