BlackBerry Posts Upbeat Q4 Results, Joins Constellation Brands, Marvell Technology And Other Big Stocks Moving Higher On Thursday

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Thursday.

Shares of BlackBerry Ltd (NYSE:BB) rose sharply after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

BlackBerry reported adjusted earnings per share of 6 cents, beating the consensus estimate of 4 cents. In addition, the company reported revenue of $156.00 million, beating the consensus estimate of $144.36 million, per Benzinga Pro data.

BlackBerry shares jumped 12.2% to $3.96 on Thursday.

Here are some other big stocks recording gains in today’s session.

• Mega Fortune Co Ltd (NASDAQ:MGRT) shares jumped 44% to $63.00.
• STAAR Surgical Co (NASDAQ:STAA) gained 25.2% to $26.14 after the company reported a year-over-year increase in first-quarter net sales results.
• Forte Biosciences Inc (NASDAQ:FBRX) surged 22.6% to …

Full story available on Benzinga.com