BlackBerry (NYSE: BB) stock dropped after it released its second-quarter results on Thursday.
The Details: BlackBerry reported quarterly earnings of $0.04 per share, which beat the analyst consensus estimate of $0.01. Quarterly revenue of $129.6 million, up 3% year-over-year, beating the Street estimate of $122.1 million.
Also Read: This Isn’t Your Father’s BlackBerry, And Its Comeback Is Gaining Traction
BlackBerry reported that the company’s adjusted gross margin was 75%, up 430 basis points.
QNX revenue delivered 15% year-over-year growth to $63.1 million; QNX adjusted gross margin was 83%, flat Y/Y.
Secure Communications revenue exceeded previously-provided guidance at $59.9 million; adjusted …