Business
Blackberry slips after 4th-quarter earnings miss forecasts amid global chip shortage
18 days ago | By Business Insider
Summary List Placement Shares of Blackberry slipped 9% Wednesday after the communications software firm revealed fourth-quarter revenues that missed expectations even on improved QNX car software sales amid a global chip shortage.
The company, which has pivoted to selling security software to government and companies ever since it shuttered its hardware unit, reported earnings per share that tumbled 66% year-on-year to $0.03.
The Canadian company also reported revenues of $210 million in the quarter ended February 28, slipping 26% from $282 million in the same period last year. It was...
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