BlackBerry Expects Q2 Revenue Of $136M – $144M, Est $142.415M; Adj EPS $(0.02) – $(0.04), Est $(0.02)
Portfolio Pulse from Benzinga Newsdesk
BlackBerry has announced its Q2 revenue expectations to be between $136 million and $144 million, compared to the estimated $142.415 million. The company also expects an adjusted EPS between $(0.02) and $(0.04), with the estimate being $(0.02).
June 26, 2024 | 9:09 pm
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BlackBerry's Q2 revenue projection of $136M-$144M is slightly below the estimated $142.415M, and the adjusted EPS is expected to be $(0.02)-$(0.04), matching the lower end of estimates.
The revenue projection is slightly below the market estimate, which could lead to a negative short-term impact on the stock price. The adjusted EPS range matches the lower end of estimates, which may not provide enough positive sentiment to offset the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100