BlackBerry Stock Falls Sharply as Revenue Misses Estimates – Barrons

Shares of BlackBerry traded sharply lower Friday after the Canadian cybersecurity company posted fourth-quarter revenue that missed analysts’ estimates.

BlackBerry (ticker: BB), which used to make mobile phones but has shifted to selling security software, reported adjusted earnings in the period of 1 cent a basic share, better than estimates that called for a loss of 5 cents. Revenue in the period of $185 million, however, missed Wall Street forecasts of about $187 million.

Cybersecurity…

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