BlackBerry Q3 Misses, But Foxconn Deal Lifts Stock

By | December 20, 2013

Scalper1 News

BlackBerry (BBRY) badly missed Wall Street’s already low expectations for fiscal Q3 early Friday, but a new deal with Foxconn seemed positive enough to lift the stock 15% in the stock market today. Revenue for the quarter ended Nov. 30 plunged 56% from the year-earlier quarter to $1.19 billion, some $400 million short of analyst consensus, according to Thomson Reuters. The company lost 67 cents a share excluding one-time items, missing estimates Scalper1 News

Scalper1 News