Tariffs, DOGE cuts weigh on BlackBerry as stock drops on uncertain outlook https://t.co/FOp9CaEjh6
Tariffs, DOGE cuts weigh on BlackBerry as stock drops on uncertain outlook /via @globeandmail https://t.co/Ag5OPIXKF3
BlackBerry’s stock heads for its worst day in more than a year after revenue outlook disappoints https://t.co/1QRpsnEdGj via @MarketWatch #BlackBerry $BB
BlackBerry Ltd. (NYSE: $BB) reported its fourth-quarter earnings on April 2, revealing a revenue of $141.7 million, surpassing analysts' expectations of $132.8 million. However, the company also posted a net income loss of $7.4 million and a basic earnings per share (EPS) of -$0.01. Following the earnings announcement, BlackBerry's stock fell by 3.8% to $3.77, marking its worst day in over a year. The company has forecasted lower annual revenue due to weak demand for its cybersecurity services. Additionally, ongoing uncertainties related to trade tariffs and the Department of Government Efficiency (DOGE) cuts have contributed to a negative outlook for the company.
