- BlackBerry Ltd (NYSE:BB) announced long-term financial targets yesterday, expecting 3-year CAGR revenue growth of 12% to 15% from FY23-FY24.
- For 2024, the company expects revenues of $665 million-$700 million (consensus: $701.40 million), with projected revenues of $240 million – $250 million from IoT and $425 million – $450 million from Cybersecurity.
- For 2026, Blackberry projects revenues of $880 million – $960 million, with expected revenues of $340 million – $370 million from IoT and $540 million – $590 million from Cybersecurity.
- BlackBerry projects an average increase in adjusted gross margin of over 200 basis points per year to FY26.
- Also, the company expects significant improvements in adjusted EPS loss and cash flow usage in FY24 and targets to achieve adjusted profitability in Q4 FY24.
- The company expects to generate positive full-year adjusted EPS and cash flow from FY25.
- In March, BlackBerry reported Q4 FY23 revenue of $151.00 million, missing the consensus of $156.65 million, and adjusted EPS loss of $(0.02), beating the consensus loss of $(0.07).
- Price Action: BB shares are trading flat at $5.38 premarket on the last check Thursday.
Intuit Q1 EPS $1.66 Beats $1.22 Estimate, Sales $2.60B Beat $2.50B Estimate
Intuit (NASDAQ:INTU) reported quarterly earnings of $1.66 per share which beat the analyst consensus estimate of $1.22 by 36.07 percent. This is a 8.5 percent increase over earnings of $1.53 per share from the same
