BlackBerry Revises FY25 Total BlackBerry Revenue Forecast From $586M - $616M To $591M - $616M, Est $604.35M; Adj Basic EPS Guidance From $(0.03) – $(0.07) To $(0.05) - $(0.02), Est $(0.04)
Portfolio Pulse from Benzinga Newsdesk
BlackBerry has revised its FY25 revenue forecast to a range of $591M - $616M, slightly up from the previous lower bound of $586M. The adjusted EPS guidance has been updated to a range of $(0.05) - $(0.02), compared to the previous $(0.03) - $(0.07).
September 26, 2024 | 9:15 pm
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POSITIVE IMPACT
BlackBerry has slightly increased its lower bound revenue forecast for FY25 and adjusted its EPS guidance. This indicates a modest improvement in financial expectations.
The revision of the revenue forecast from $586M-$616M to $591M-$616M suggests a slight improvement in expected performance. The EPS guidance adjustment to $(0.05)-$(0.02) from $(0.03)-$(0.07) indicates a more optimistic outlook on profitability. These updates are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100