The 4Q numbers for BlackBerry just hit the wires. You can read the full release here. but I’ll hit the key highlights for you:
- Blackberry 4Q GAAP loss was $423-million (U.S.) or 80 cents per share. On an adjusted basis, the loss was $42-million or 8 cents a share. This is compared to a loss of 67 cents the previous quarter. Analysts were expecting a loss of 55 to 57 cents a share.
- BlackBerry 4Q revenue was $976 million. The street was expecting $1.11 billion. This is down from $2.7-billion a year ago.
- BlackBerry 4Q Gross Margin was 56.7%.
- BlackBerry 4Q has $2.7 billion in the bank. In line with analysts estimates. However, that’s down from US$3.2-billion at the end of 3Q.
- BlackBerry says about 2.3 million BlackBerry 7 Devices Sold Through To End Customers in 4Q.
- BlackBerry Targeting Break-Even Cash Flow Results By End Of Fiscal 2015.
The stock is currently halted, but is expected to resume trading at 7:30 AM EST. There’s also an earnings call at 8 AM EST. That should be interesting as these number show some improvements, but signs that there’s still weakness in BlackBerry.
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This entry was posted on March 28, 2014 at 7:27 am and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
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BREAKING: BlackBerry Numbers Show Revenue Plunge
The 4Q numbers for BlackBerry just hit the wires. You can read the full release here. but I’ll hit the key highlights for you:
The stock is currently halted, but is expected to resume trading at 7:30 AM EST. There’s also an earnings call at 8 AM EST. That should be interesting as these number show some improvements, but signs that there’s still weakness in BlackBerry.
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This entry was posted on March 28, 2014 at 7:27 am and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.