BlackBerry ADRs jump after revenue forecast bump

BlackBerry

Thu 12:22

** U.S.-listed shares of BlackBerry BB.TO, BB.N rise 6.5% to $9.19 premarket after co raises annual revenue forecast
** Forecast raise bets on growth in co's QNX division, which provides secure real-time operating systems for mission-critical embedded systems most notably in the automotive sector
** QNX has a backlog of almost $1 billion in future royalties
** Co expects FY27 revenue of between $594 million and $621 million, above its earlier forecast of $584 million to $611 million
** Stock up 166% this quarter, on track for its best quarterly performance on record

 (Reporting by Medha Singh in Bengaluru)
 ((Medha.Singh@thomsonreuters.com))