BlackBerry Limited designs, manufactures, and sells wireless solutions to the mobile communications market. Through the development and integration of hardware, software, and services, BlackBerry provides solutions for seamless access to time-sensitive information, including e-mail, messaging, as well as Internet and Intranet-based applications.
Earlier, BlackBerry launched its much-awaited Android-based handset PRIV. The device has already witnessed significant market response and is expected to mitigate losses at the company’s smartphone business.
Lately, BlackBerry is exploring several business options by acquiring many companies which will likely help BlackBerry offset escalating losses in its smartphone business. BlackBerry’s BES12 platform is increasingly gaining traction. Moreover, launch of Android-based handset PRIV may also act to be a catalyst for BlackBerry going forward.
BlackBerry has a mixed track record with respect to earnings. The company has delivered negative earnings surprises in two of the last four quarters, with an average miss of 3.93%.
Zacks Rank: Currently, BlackBerry has a Zacks Rank #3 (Hold), but that could definitely change following BlackBerry’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: BlackBerry Limited reported loss (on an adjusted basis) of 2 cents per share which is narrower than the Zacks Consensus Estimate of a loss of 10 cents per share.
Revenue: BlackBerry Limited reported revenues of $400 million. This missed the Zacks consensus estimate of $468 million.
Key Stats: BlackBerry is on track to achieve 30% growth in software and service revenue. The company intends to end fiscal 2017 with positive adjusted EBITDA. The company expects fiscal 2017 loss per share of 15 cents.
Check back later for our full write up on this BlackBerry earnings report later!
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BlackBerry (BBRY) Misses on Revenues in Q1
BlackBerry Limited designs, manufactures, and sells wireless solutions to the mobile communications market. Through the development and integration of hardware, software, and services, BlackBerry provides solutions for seamless access to time-sensitive information, including e-mail, messaging, as well as Internet and Intranet-based applications.
Earlier, BlackBerry launched its much-awaited Android-based handset PRIV. The device has already witnessed significant market response and is expected to mitigate losses at the company’s smartphone business.
Lately, BlackBerry is exploring several business options by acquiring many companies which will likely help BlackBerry offset escalating losses in its smartphone business. BlackBerry’s BES12 platform is increasingly gaining traction. Moreover, launch of Android-based handset PRIV may also act to be a catalyst for BlackBerry going forward.
BlackBerry has a mixed track record with respect to earnings. The company has delivered negative earnings surprises in two of the last four quarters, with an average miss of 3.93%.
BLACKBERRY LTD Price and EPS Surprise
BLACKBERRY LTD Price and EPS Surprise | BLACKBERRY LTD Quote
Zacks Rank: Currently, BlackBerry has a Zacks Rank #3 (Hold), but that could definitely change following BlackBerry’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: BlackBerry Limited reported loss (on an adjusted basis) of 2 cents per share which is narrower than the Zacks Consensus Estimate of a loss of 10 cents per share.
Revenue: BlackBerry Limited reported revenues of $400 million. This missed the Zacks consensus estimate of $468 million.
Key Stats: BlackBerry is on track to achieve 30% growth in software and service revenue. The company intends to end fiscal 2017 with positive adjusted EBITDA. The company expects fiscal 2017 loss per share of 15 cents.
Check back later for our full write up on this BlackBerry earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>