Stock Market News
BlackBerry shares rise due to good profits
2022.04.01 00:37
By Ray Johnson
Budrigannews.com – As a result of improved sales and the Internet of Things (IoT) business unit, BlackBerry Ltd. reported a net profit in the fourth quarter, up from a loss a year ago.
The Canadian company that makes security software and used to make mobile phones had a net income of $144 million in the quarter that ended on February 28. Last year, it lost $315 million.
In extended trading, the company’s shares listed on U.S. exchanges gained 2.3%.
