BlackBerry Expects Q4 Total BlackBerry Revenue Of $150M-$159M, Estimates $200.37M
Portfolio Pulse from Benzinga Newsdesk
BlackBerry has projected its Q4 total revenue to be between $150M-$159M, which falls short of the estimated $200.37M. The company has not provided specific figures for its IoT revenue.
December 20, 2023 | 10:16 pm
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BlackBerry's projected Q4 revenue is significantly lower than analyst estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
Revenue projections that are lower than analyst estimates typically result in negative market reactions, as they suggest the company may be underperforming. This news directly impacts BlackBerry and is likely to be of high importance to investors, influencing the stock price negatively in the short term.
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