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BlackBerry (BBRY) Reports Breakeven Earnings in Q1

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BlackBerry Limited , based in Waterloo, Canada, was founded in 1984. The company operates in n North America, Europe, Asia, Middle East, Latin America and Africa.

BlackBerry has an impressive record with respect to the bottom line. The company has delivered positive surprises in each of the last four quarters, with an average beat of 75%.

Zacks Rank: Currently, BlackBerry has a Zacks Rank #3 (Hold), but that could definitely change following BlackBerry’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: BlackBerry Limited reported breakeven earnings (on an adjusted basis) in the first quarter of fiscal 2018 which compared favorably to the Zacks Consensus Estimate of a loss of 2 cents per share.

Revenue: BlackBerry Limited reported revenues of $244 million. This missed the Zacks consensus estimate of $264 million.

BlackBerry Limited Price and EPS Surprise

 

BlackBerry Limited Price and EPS Surprise | BlackBerry Limited Quote

Key Stats: BlackBerry’s expectation for fiscal 2018 remains unchanged. The company expects its software business to either outperform or at least perform at par with the overall market in fiscal 2018. It anticipates profitability (on an adjusted basis) in fiscal 2018. It also expects to generate positive free cash flow in fiscal 2018.

Stock Price: The revenue miss disappointed investors. Consequently shares of the company declined significantly in pre market trading at the time of writing.

Check back later for our full write up on this BlackBerry earnings report later!

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