On Tuesday, BlackBerry Ltd (NASDAQ:BBRY)’s shares declined -2.29% to $7.25.
Canadian smartphone manufacturer BlackBerry Limited BBRY is predictable to release its second-quarter 2016 financial numbers before the opening bell on Sep 25, according to the Zacks.
In the last quarter, the company delivered a negative 25% earnings surprise. Meanwhile, in the last four quarters, the company stated positive earnings surprises, with an average beat of 103.31%.
Formerly, BlackBerry had faced service disruption in emerging nations of India, Pakistan, United Arab Emirates, Saudi Arabia and Indonesia owing to security reasons. However, services were resumed under more limitations, thereby hurting the company’s reputation in markets where it enjoys considerable hold. Zacks Reports
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which include the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
Petroleo Brasileiro SA - Petrobras (ADR) (NYSE:PBR)’s shares dropped -5.53% to $4.10.
Brazil’s state-run oil firm Petroleo Brasileiro SA, and the Brazilian oil industry, were not prepared for “such a brusque fall” in petroleum prices, the company’s manager of exploration and production Cristina Pinho said at an event in Rio de Janeiro on Tuesday, according to the Reuters.
He also called on the Brazilian oil industry as a whole to work together to over come the current crisis sparked by low crude prices.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
At the end of Tuesday’s trade, Morgan Stanley (NYSE:MS)‘s shares dipped -2.70% to $32.44.
Puerto Rico’s five-year budget deficit leans closer to the commonwealth’s $14 billion forecast rather than a Morgan Stanley estimate that cuts that figure by more than half, according to BlackRock Inc.’s Peter Hayes, according to the Bloomberg.
Commonwealth officials and their advisers, called the Working Group, unveiled on Sept. 9 a five-year fiscal and economic growth plan that projects the island’s budget will be short $14 billion because of increasing health-care expenses and retirement costs. The report’s base-case scenario estimates the island’s gross national product will decline by one percent and may enhance by as much as 2 percent in a high-growth scenario, according to the plan.
Bloomberg stated One Morgan Stanley scenario takes a different view. Puerto Rico has overestimated its funding gap, according to a presentation distributed Sept. 11 by Ryan Brady, an analyst on Morgan Stanley’s municipal-debt trading desk in New York. The bank estimates a $5.57 billion deficit through fiscal 2020, according to the report. Yet that forecast may be too low, Hayes said Tuesday on Bloomberg Television.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
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