Shares of BlackBerry Ltd. ran up 7.6% in premarket trade Wednesday, after the cybersecurity software company reported a surprise fiscal third-quarter adjusted profit and sales that beat expectations. The net loss for the quarter to Nov. 30 widened to $275 million, or 52 cents a share, from $117 million, or 22 cents a share, in the same period a year ago. Excluding non-recurring items, the company reported adjusted earnings per share of 3 cents, compared with the FactSet consensus of breakeven. Revenue fell to $226 million from $289 million, but was above the FactSet consensus of $212.2 million. Enterprise software and services revenue rose to $190 million from $160 million, while handheld device sales dropped to $9 million from $62 million. The company said it expects “positive” adjusted EPS for the full fiscal year, compared with the FactSet EPS consensus of 7 cents. The stock has soared 58% year to date through Tuesday, while the S&P 500 has gained 20%.
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