WATERLOO, Ontario (AP) — WATERLOO, Ontario (AP) — BlackBerry Ltd. (BB) on Thursday reported fiscal fourth-quarter net income of $24.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Waterloo, Ontario-based company said it had net income of 4 cents. Earnings, adjusted for stock option expense and restructuring costs, were 6 cents per share.
The cybersecurity software and services company posted revenue of $156 million in the period.
For the year, the company reported net income of $53.2 million, or 9 cents per share, swinging to a profit in the period. Revenue was reported as $549.1 million.
For the current quarter ending in May, BlackBerry expects its per-share earnings to range from 2 cents to 3 cents.
The company said it expects revenue in the range of $132 million to $140 million for the fiscal first quarter.
BlackBerry expects full-year earnings in the range of 15 cents to 19 cents per share, with revenue ranging from $584 million to $611 million.
The company’s shares closed at $3.53. A year ago, they were trading at $2.87.
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