BlackBerry shares are trading higher after the company reported better-than-expected Q4 results but issued guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
BlackBerry's stock is trading higher following the announcement of Q4 results that surpassed expectations. However, the company's future guidance fell short of estimates.
April 04, 2024 | 11:17 am
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BlackBerry's Q4 earnings exceeded expectations, leading to a rise in stock price, although the company's future guidance was below estimates.
The positive reaction in BlackBerry's stock price is likely due to the better-than-expected Q4 results, which can overshadow the negative impact of lower future guidance in the short term. Investors often react positively to earnings beats, driving up the stock price, although concerns about future performance could limit gains.
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