BlackBerry stock plummeted 13.7% despite surpassing Wall Street’s earnings estimates. Investors expected a more optimistic outlook, causing disappointment. The company’s valuation and high expectations allowed little room for anything less than bullish projections. Shares closed at a level not seen since mid-September.

BlackBerry reported a 1.8% revenue decline to $141.8 million in Q3 FY2026. Earnings reached $0.05 per diluted share, exceeding forecasts of $0.04 per share on $135.6 million in revenue. Full-year guidance was revised with a focus on the upper half of previous ranges, leaving room for improvement.

Investors are selling BlackBerry stock after Q3 results and guidance updates. The market is concerned about revenue declines and slow momentum, despite beating expectations. The focus is on future growth and key operating metrics, impacting stock performance post-earnings report.

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Read more at Yahoo Finance: Why BlackBerry Stock Soured Today