BlackBerry reports wider loss and lower revenue forecast

  • BlackBerry shares down 8.9% after reporting wider loss in Q3
  • Adjusted per-share profit of 1 cent, beating analysts’ forecast of 4-cent loss
  • Q4 revenue outlook below expectations at $150-159 million

BlackBerry shares took a hit after the company reported a wider loss in the third quarter and forecasted lower-than-expected revenue for the fourth quarter. The company reported a loss of $21 million, or 5 cents a share, compared to a loss of $4 million, or 1 cent a share, in the same quarter last year. However, adjusted per-share profit came in at 1 cent, beating analysts’ forecast of a 4-cent loss. Despite beating profit expectations, BlackBerry’s revenue outlook for the fourth quarter fell short, with expectations of $150-159 million compared to analysts’ forecast of $180.9 million. This disappointing forecast led to a drop in BlackBerry shares by 8.9%.

Public Companies: BlackBerry (BB)
Private Companies:
Key People:

Track all markets on TradingView

Factuality Level: 8
Justification: The article provides specific information about BlackBerry’s financial performance in the third quarter, including the loss and revenue figures. It also includes analyst forecasts and compares them to the actual results. The information provided is based on facts and data, without any obvious bias or opinion.

Noise Level: 3
Justification: The article provides relevant information about BlackBerry’s financial performance in the third quarter and their forecast for the fourth quarter. It includes details about the company’s loss, adjusted per-share profit, and revenue, as well as analysts’ expectations. The article stays on topic and does not dive into unrelated territories. However, it lacks in-depth analysis, scientific rigor, and actionable insights. Overall, the article contains some noise but provides the necessary information for readers interested in BlackBerry’s financial situation.

Financial Relevance: Yes
Financial Markets Impacted: BlackBerry shares

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses BlackBerry’s financial performance, including a wider loss in the third quarter and lower-than-expected revenue forecast for the fourth quarter.

Reported publicly: www.marketwatch.com