Shares in the software and services firm BlackBerry Ltd (NASDAQ:BBRY) were under pressure early on Friday after its quarterly sales undershot analysts expectations. This was despite a surprise rise in profits. Pre-market, the stock was off almost 7% and during the day.shares plunged over 12% to $9.71 each.
Sonic Corp (NASDAQ:SONC) and Bed Bath and Beyond Inc (NASDAQ:BBBY) both sounded the earnings alert after the bell Thursday. The latter saw shares tank over 12% on the day.
Banks under pressure
Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) were under pressure early on. A Wall Street Journal article suggested the two banks may find their headroom to return cash capped by the US Federal Reserve. This follows stress test on the pair’s balance sheets.
Goldman shares later fell 1.17% to $217.19.
Bank of America (NYSE:BAC), Citigroup (NYSE:C), JP Morgan Chase and Wells Fargo (NYSE:WFC) undergo regulatory scrutiny soon, according to CNBC. All three saw shares fall on the day. BoA dropped 0.48%; Wells dropped 0.08% and Citigroup shed 0.33%.