Key Takeaways
- BlackBerry stock swooned Wednesday after the company issued revenue forecasts well below analysts' expectations.
- The company projected declining revenue from its Secure Communications division.
- In its fiscal fourth quarter, BlackBerry delivered better-than-expected revenue and adjusted profit.
BlackBerry (BB) shares tumbled Wednesday after🐷 the firm issued revenue forecasts that fell short of analysts' expectations.
The Canadian technology company projected fiscal 2026 revenue of $504 million to $534 million, below the Visible Alpha consensus of $567.3 million. Its current-quarter revenue estimate of $107 million to $115 million also fell short of analysts' projections.
BlackBerry sees Secure Communications unit revenueꦕ falling to a range of $230 million to $240 million in 🌸fiscal 2026 from $272.6 million the prior year. Analysts had expected $277 million.
Q4 Results Top Estimates
For its fiscal 2025 fourth quarter, BlackBerry reported adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 3 cents on revenue that fell 7% year-over-year to $141.7 mil๊lion. Both♛ figures beat analysts' expectations.
Shares of BlackBerry sank nearly 11% about an hour after the opening bell. Still, they are up about 19% over the past 12 months.