BlackBerry plummets due to poor software revenue

Jamie McKane

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BlackBerry plummets due to poor software revenue

BlackBerry Ltd. plunged the most in a year after investors focused on weak growth in software revenues that the company’s head said was due to a change in accounting standards.

Shares in the Waterloo, Ontario-based company fell as much as 9.8 percent to $10.55 at 10:18 a.m. in New York, the most intraday since June 23, 2017.

[Bloomberg]
 
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