BlackBerry Estimates Preliminary Q2 Revenue To Be $132M; Est. $156.85M
Portfolio Pulse from Benzinga Newsdesk
BlackBerry has estimated its preliminary Q2 revenue to be $132M, which is lower than the estimated $156.85M. The company attributes this to product mix and delays in closing certain large deals.
September 06, 2023 | 9:45 pm
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BlackBerry's lower than expected Q2 revenue estimate could negatively impact its stock price in the short term.
BlackBerry's Q2 revenue estimate is lower than expected, which is typically a negative signal to investors. This could lead to a decrease in the company's stock price in the short term.
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