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Key Takeaways
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BlackBerry stock swooned Wednesday after the company issued revenue forecasts well below analysts' expectations.
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The company projected declining revenue from its Secure Communications division.
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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 revenue 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 earnings per share (EPS) of 3 cents on revenue that fell 7% year-over-year to $141.7 million. 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.
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