BlackBerry (BBRY) Downward Reaction; Bombardier (BDRBF) Climbs on Business Jets Order
Shares of BlackBerry Limited (Nasdaq:BBRY) plunged Friday as the company delivered weaker-than-expected quarterly revenue numbers in its financial results
For its fourth quarter fiscal 2016, BlackBerry posted GAAP revenue of $464 million, a 29.7% decrease year over year (well below the Capital IQ Consensus Estimate of $564.86 million in revenue) and non-GAAP net loss of $(18) million, or $(0.03) per share (narrower than the Capital IQ Consensus Estimate of ($0.10) loss per share for the period).
BBRY stock closed at $7.48, down $0.61 (or -7.54%), and 24,356,555 of its shares were traded during the day, a large increase in activity versus its average volume (3m) of 6,500,690
BlackBerry, which provides wireless communications solutions worldwide, has 526.00M Shares Outstanding, Market Capitalization (intraday) of $3.93B and BBRY stock 52-week range is from $5.96 to $11.09 per share
The price of Bombardier Inc. (OTCMKTS:BDRBF) stock surged $0.07 (or +7.00%) to $1.07 on Friday after the company said that it has received a firm order for 20 Challenger 350 aircraft. According to Bombardier, the deal is valued at more than half a billion dollars.
139,575 shares of the company exchanged hands during the trading session
Bombardier, which manufactures and sells transportation equipment worldwide, has 2.22B Shares Outstanding, Market Capitalization (intraday) of $2.38B and BDRBF stock one-year range is between $0.51 and $2.29 per share
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