BlackBerry put out their Q3 numbers today and the results were mixed. Here’s the highlights:
- BlackBerry earned just $793-million (U.S.) in revenue in the quarter ended Nov. 29, down from $1.2-billion in the year-ago quarter. The Street was looking for mid-$900-million range for earnings.
- Revenues declined by more than 20 per cent in each of BlackBerry’s North American and Latin American sales, as the company sold 1.9 million devices to end users, down from 2.4 million in the previous quarter.
- Device revenue came in around $365-million, about 12 per cent lower than the previous quarter.
- Their services business netted $365-million, or 14 per cent below the last quarter.
- There was a net loss during the quarter of $148-million, or 28 cents per share. But that was enough to get an adjusted profit of 1 cent per share, compared to a loss of 2 cents in the last quarter.
However, the market reacted negatively to this. As I type this, BlackBerry stock is down just under 5%. That suggests that this isn’t going over well. But I don’t see why that’s the case as these results though mixed have positives in them that bode well for the company. Though, I’m a computer nerd not a stock broker.
What are your thoughts on BlackBerry’s results?
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This entry was posted on December 19, 2014 at 10:10 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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BlackBerry Results Mixed…. Stock Slips
BlackBerry put out their Q3 numbers today and the results were mixed. Here’s the highlights:
However, the market reacted negatively to this. As I type this, BlackBerry stock is down just under 5%. That suggests that this isn’t going over well. But I don’t see why that’s the case as these results though mixed have positives in them that bode well for the company. Though, I’m a computer nerd not a stock broker.
What are your thoughts on BlackBerry’s results?
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This entry was posted on December 19, 2014 at 10:10 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.