BlackBerry Swings to Profit as QNX Segment Hits Record Highs
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BlackBerry Ltd. reported a profit of $13.7 million in Q3, a turnaround from a $10.5 million loss last year, driven by record revenue in its QNX segment, which rose 10% to $68.7 million. Despite this, total revenue dipped slightly to $141.8 million, and earnings per share remained flat at $0.02. The market reaction has been muted, with BlackBerry's stock flat for the year and down 40% over the past five years, raising concerns about its growth prospects amid competition in the tech sector.
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