BlackBerry
stock tumbled Tuesday, the morning after the Canadian cybersecurity firm released preliminary fiscal-year figures that disappointed Wall Street.
The company said Monday evening that it expects revenue for the fiscal year ended Feb. 28 to be about $656 million, below to the FactSet analyst consensus of $666.8 million.
BlackBerry
expects revenue in its internet of things, or IOT, unit to be up 16% year over year to $206 million. The firm expects cybersecurity unit revenue of about $418 million, which was below a prior outlook. The company said there were some large government deals being negotiated that didn’t close during the fourth quarter, pushing them into fiscal 2024.
Source: https://www.barrons.com/articles/blackberry-stock-price-earnings-revenue-a89d486e?siteid=yhoof2&yptr=yahoo