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Benzinga
Benzinga
Business
Adam Eckert

Why BlackBerry Stock Is Trading Lower Today

Blackberry

BlackBerry Ltd (NYSE:BB) shares are trading lower Friday after the company announced financial results and reportedly said it expects full-year 2023 cyber security revenue to be flat and licensing revenue to be minimal.

BlackBerry reported fourth-quarter revenue of $185 million, which beat the $177.25 million estimate. The company reported quarterly adjusted earnings of 1 cent per share, which beat the estimate for a loss of 7 cents per share. 

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