Blackberry Boss To Get Please Explain Over Poor Performance

X

Thorsten Heins, the CEO of Canadian-based smartphone maker Blackberry, and the board are expected to face tough questioning about the company’s future at its annual meeting today in Waterloo, Ontario.

 

A poor result for its latest quarter has seen Blackberry’s share price tumble. The shares fell about 28 percent in late June, following the announcement of a US$84 million loss for its first financial quarter, ended June, and forecasts of another likely loss in the current quarter. 



The shares plunged from US$15.09 to $10.71 overnight and have since slipped to $9.55.



Blackberry revealed it shipped 2.7 million Z10 and Q10 phones in the quarter, at the bottom of analysts’ forecasts. 



“The results were a quasi deathknell for BlackBerry,” said John Goldsmith, deputy head of equities at Montrusco Bolton, which owns more than 1.5 million BlackBerry shares. 



“The share move last week was was very violent. I think you are going to get people standing up and making their voices heard at the AGM.”

728x90 we see oled CN Blackberry Boss To Get Please Explain Over Poor Performance
Haier 728x90 1 Blackberry Boss To Get Please Explain Over Poor Performance
Westan 728x90px Blackberry Boss To Get Please Explain Over Poor Performance
728x90 Blackberry Boss To Get Please Explain Over Poor Performance
Olimpia Splendid Unico Cooling 728x90 1 scaled Blackberry Boss To Get Please Explain Over Poor Performance
Litheaudio 728x90 Blackberry Boss To Get Please Explain Over Poor Performance
WEB BANNERS5 scaled Blackberry Boss To Get Please Explain Over Poor Performance
Emberton III BLACK 728x90 without CTA@2x Blackberry Boss To Get Please Explain Over Poor Performance
728 x 90 Blackberry Boss To Get Please Explain Over Poor Performance
hitachi banner 728x90 Blackberry Boss To Get Please Explain Over Poor Performance
JBL TourPro3 728x90 Blackberry Boss To Get Please Explain Over Poor Performance
FA 979 HN MDF SG14 14gen 728x90 1 Blackberry Boss To Get Please Explain Over Poor Performance
241211 SAV Ruark CNewsJan Leader Blackberry Boss To Get Please Explain Over Poor Performance
denon perl white 728x90 1 Blackberry Boss To Get Please Explain Over Poor Performance
FLOODLIGHT 2024 Banner 728x90px Blackberry Boss To Get Please Explain Over Poor Performance
Belkin Screen Protection 728 x 90 Blackberry Boss To Get Please Explain Over Poor Performance
728x90 Blackberry Boss To Get Please Explain Over Poor Performance
MaxRanger4K Leaderboard 728x90 Blackberry Boss To Get Please Explain Over Poor Performance
BlueAnt 4SQM PumpAirUltra 728x90px Blackberry Boss To Get Please Explain Over Poor Performance
PAN2664 ChannelNews Banner CM3 728x90px V1 Blackberry Boss To Get Please Explain Over Poor Performance


YOU MAY ALSO LIKE