BlackBerry surprised investors by posting a quarterly profit due to resilient demand for cybersecurity. However, the company cut its revenue forecast for connected car software, leading to a widened loss and a drop in shares despite higher revenue. The weak outlook for connected car software and cybersecurity units caused BlackBerry stock to swoon.
BlackBerry stock swoons on weak fourth quarter outlook for connected car software, cybersecurity units /via @globeandmail https://t.co/7ck2h7BgDX
$BB (-3.7% pre) BlackBerry Loss Widens Despite Higher Revenue - WSJ https://t.co/sK9lf7vtR5
Report: Slow mobile app releases cost over $100,000 in lost revenue per year for 75% of companies. https://t.co/RYJZpEQSgj
BlackBerry posts surprise quarterly profit on resilient cybersecurity demand https://t.co/7Oo1Ulik3W https://t.co/dp7aCkPSIh
Despite earnings and revenue beats, BlackBerry shares drop on outlook miss https://t.co/H6iCljGFwP
BlackBerry Loss Widens Despite Higher Revenue https://t.co/OjvmLTm7gm
BlackBerry cuts connected car software revenue forecast for second time this year, blaming automaker delays and work stoppages /via @globeandmail https://t.co/7ck2h7BgDX
⚠️ BLACKBERRY POSTS SURPRISE QUARTERLY PROFIT ON RESILIENT CYBERSECURITY DEMAND Full Story → https://t.co/O8Q9REHB1M https://t.co/KEQdwzuSVt