Why BlackBerry Stock Soured Today
Shares of (NYSE: BB) went sour on Friday, following a solid earnings report with a side of constructive but unexciting guidance. The stock closed 13.7% lower, revisiting price levels not seen since mid-September.
The communications security and embedded systems specialist posted robust results in the third quarter of fiscal year 2026. Revenue fell 1.8% year-over-year to $141.8 million while adjusted earnings landed at $0.05 per diluted share, up from a breakeven result in the year-ago period. The analyst consensus had pointed to earnings near $0.04 per share on sales in the neighborhood of $135.6 million.
BlackBerry's management also updated their full-year guidance, tightening their target ranges around the upper half of last quarter's guidance report. In other words, BlackBerry raised the lower end of its full-year target ranges while leaving most of the top-end levels untouched.
Source Fool.com
