Blackberry shares have plunged by £55 million. Why?
Shares in smartphone maker Blackberry have dived after it reported an 
518m loss for the same period last year, but much worse than analysts' forecasts.
Shipments of new smartphones increased, but Blackberry, which used to be called Research In Motion, did not release how many new handsets running the BB10 operating system were sold in the quarter.
Answers
Lots of good reasons set out in this article www.guardian.co.uk…y-shares-fall-loss
02 July 2013
Probably the most telling sentence says 'Wall Street analysts had expected the Canadian company to produce a modest $25m (£16.4m) operating profit but instead the firm revealed a shock $169m loss and missed its sales targets.' If you miss targets, there is a very good chance your share price will fall - remember that it is in part based on an expectation of future earnings, and if you fall short of your plans then your share price is very likely to fall.
02 July 2013
Add an answer
Similar questions