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-0.00289435600578865 -0.00289435600578865 -0.0057887120115773 -0.0057887120115773 -0.0188133140376266 -0.0327351664254703 -0.024602026049204 -0.0231837916063675
Stock impact report

Why BlackBerry Stock Is Plummeting Today [Yahoo! Finance]

BlackBerry Limited (BB) 
Last blackberry limited earnings: 3/31 04:05 pm Check Earnings Report
US:NYSE Investor Relations: us.blackberry.com/company/investors
Company Research Source: Yahoo! Finance
The steep decline comes as the S&P 500 and Nasdaq Composite showed more modest movement. The Canadian tech company and once king of the cell-phone market reported quarterly results that while beating estimates, delivered a disappointing revenue outlook. BlackBerry projected fiscal 2026 revenue of $504 million to $534 million, falling significantly short of analysts' expectations of $567.3 million. The company's current-quarter revenue estimate of $107 million to $115 million also missed projections, triggering the sharp sell-off. Particularly concerning to investors was the forecast for BlackBerry's Secure Communications unit -- a significant part of BlackBerry's total business -- which the company expects to generate $230 million to $240 million in fiscal 2026, down from $272.6 million in the prior year and much lower than the $277 million Wall Street projected. Despite the poor forecast, the company posted a positive quarter, at least compared to analysts expectations. Reven Show less Read more
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