BlackBerry loses US$42 million in second quarter
BNN Bloomberg
BlackBerry Ltd. says it lost US$42 million in the second quarter of its 2024 fiscal year, compared to a loss of US$54 million in the same period last year.
The Waterloo, Ont.-based tech company, which reports its earnings in U.S. dollars, says the loss works out to seven cents per diluted share.
BlackBerry says its revenue for the second quarter was $132 million, compared to $168 million in the prior year's quarter.
While revenue from the company's cybersecurity segment declined by 40 per cent year-over-year, revenue from its IoT segment increased by four per cent.
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Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
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Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.