Tag: $Blackberry

Shares of BlackBerry fell 1.7% after hours on Wednesday after the security-software maker forecast fourth-quarter sales that were below Wall Street’s expectations. 

BlackBerry Ltd. shares rose in the extended session Wednesday after the company announced it planned to spin off its Internet-of-Things business in an initial public offering.

BlackBerry’s loss narrowed in the second quarter even as revenue was down from a year earlier.

BlackBerry forecast a 21.4% decline in its second-quarter revenue due to weakness in the Canadian technology company’s cybersecurity segment, sending its U.S.-listed shares nearly 10% lower in extended trading on Wednesday.

BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction in automotive sector.