Company News

BUZZ-BlackBerry: Jumps as software unit powers another profit beat

** BlackBerry’s U.S. shares rise 5.4 pct premarket as profit top estimates for 14th straight quarter

** BB posts Q4 adj. EPS of $0.05 vs analyst expectations of breaking even; Gross margins improved to 76 pct from 60.1 pct

** Revenue from enterprise software and services jump nearly 19 pct, but total rev fell about 19 pct

** BB has been signing deal with various companies, including one with Microsoft earlier this month

** At current levels, BB is set for its best day since Jan 3, when stock soared 12.5 pct after announcing a deal for its software to be used in Baidu’s self-driving platform

** Still, BB has had a rocky year so far, as has other technology stocks, and is up 11 pct YTD (Reporting by Medha Singh in Bengaluru)