BlackBerry (BB) shares tumbled 5.90% in pre-market trading on Wednesday, as investors reacted negatively to the company's disappointing forecast for fiscal year 2026, despite reporting better-than-expected fourth-quarter earnings.
The Canadian software company reported adjusted earnings of 3 cents per share for the fourth quarter, surpassing analysts' expectations of break-even profit. However, BlackBerry's outlook for the upcoming fiscal year fell short of market estimates, prompting a sell-off in the stock.
The pre-market plunge in BlackBerry's shares comes amid a broader market downturn, with U.S. stock index futures slipping as investors brace for details of U.S. President Donald Trump's new tariff plans. The potential escalation in global trade tensions is adding to the negative sentiment surrounding technology stocks, further pressuring BlackBerry's share price.
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