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BlackBerry Shares Plunge 22.79% on Weak Revenue Outlook
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 2, 2025 9:05 am ET1min read
BlackBerry's stock price dropped by 22.79% in pre-market trading on April 2, 2025, reflecting investor concerns over the company's recent financial outlook.
BlackBerry has forecasted lower annual revenue for the fiscal year ending February 2026, citing weak demand for its cybersecurity services. This forecast has raised concerns among investors about the company's ability to navigate the current economic uncertainty.
Despite beating Q4 expectations, BlackBerry's shares dipped due to the weak guidance provided. The company reported a decline in annual revenue from $1.04 billion to $853 million, and only slightly narrowed its annual net loss from $152 million to $130 million.
BlackBerry is expected to report break-even bottom-line results and revenue of $132.81 million for the fourth quarter of the fiscal year. However, the company faces retail skepticism ahead of its Q4 earnings report, which could further impact its stock price.
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