Shares of BlackBerry Limited (NYSE: BB) experienced a significant surge of over 10% in pre-market trading following the release of better-than-expected financial results.

The company delivered a surprise profit for the first quarter of fiscal 2024, with an adjusted earnings per share (EPS) of $0.06, surpassing the consensus estimate of a loss of $0.05 per share. Additionally, BlackBerry posted quarterly revenue of $373 million, exceeding the consensus forecast of $160.35 million.

BlackBerry delivered sequential revenue growth in its Cybersecurity business unit. The growth was attributed to increased billings and pipeline, particularly in government contracts, highlighting the strength of the company's core verticals. 

$BB was trading at $5.69, experiencing a notable increase of $0.68 (+13.57%) in pre-market.

In other news, Greenbrier Companies, Inc. (NYSE: GBX) also reported strong financial results for the third quarter of fiscal 2023. 

The company's adjusted EPS came in at $1.02, surpassing the consensus estimate of $0.58 per share. Furthermore, Greenbrier raised its revenue outlook for the full fiscal year 2023 to a range of $3.8 billion to $3.9 billion, up from the previously expected range of $3.4 billion to $3.7 billion. This upward revision exceeds the consensus estimate of $3.68 billion. 

Additionally, Greenbrier's board announced an 11% increase in the quarterly dividend, now standing at $0.30 per share. Notably, this marks the 37th consecutive quarterly dividend for the company. 

In pre-market, $GBX was trading at $32.45, down $0.03 (0.09%)

On the other hand, Acuity Brands, Inc. (NYSE: AYI) reported mixed results for the third quarter of fiscal 2023. 

The company's adjusted EPS of $3.75 exceeded the consensus estimate of $3.71 per share. However, Acuity Brands fell short in terms of quarterly sales, reporting $1.00 billion compared to the consensus estimate of $1.05 billion. 

$AYI currently remains stable in pre-market trading, with no change at $160.66

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