BlackBerry's stock falls as fourth-quarter sales outlook disappoints
Shares of BlackBerry (BB) fell 1.7% after hours on Wednesday after the security-software maker forecast fourth-quarter sales that were below Wall Street's expectations. The company forecast fourth-quarter revenue of $150 million to $159 million, below FactSet estimates for $185.6 million. For its third quarter, the company reported a $21 million net loss, or 5 cents a share, compared with a loss of $4 million, or 9 cents a share, in the same quarter last year. BlackBerry reported an adjusted per-share profit of 1 cent. Analysts polled by FactSet expected BlackBerry to report an adjusted per-share loss of 4 cents a share, on revenue of $169.5 million.
-Bill Peters
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12-20-23 1736ET
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