BlackBerry for whatever reason decided to release [Warning: PDF] their Q4 numbers on April 1st, and the results were no joke for investors.
The company reported a $238-million U.S. net loss in its fourth quarter which works out to 45 cents US per share. After adjustments that exclude restructuring and acquisition costs, the loss was 3 cents per share – less than the analyst estimate of 10 cents per share. Revenue was $464-million, including a writedown of deferred revenue associated with recent acquisitions. Without that, it would have been $487-million. But that was below estimates of $563-million. The net result is that BlackBerry shares are down about 6 per cent after the announcement in premarket trading.
This isn’t good for BlackBerry who was thought to have been turning things around. I guess we will have to see if this is a blip, or a trend.
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This entry was posted on April 1, 2016 at 8:42 am and is filed under Commentary with tags BlackBerrry. You can follow any responses to this entry through the RSS 2.0 feed.
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BlackBerry Misses Estimates…. Shares Fall….
BlackBerry for whatever reason decided to release [Warning: PDF] their Q4 numbers on April 1st, and the results were no joke for investors.
The company reported a $238-million U.S. net loss in its fourth quarter which works out to 45 cents US per share. After adjustments that exclude restructuring and acquisition costs, the loss was 3 cents per share – less than the analyst estimate of 10 cents per share. Revenue was $464-million, including a writedown of deferred revenue associated with recent acquisitions. Without that, it would have been $487-million. But that was below estimates of $563-million. The net result is that BlackBerry shares are down about 6 per cent after the announcement in premarket trading.
This isn’t good for BlackBerry who was thought to have been turning things around. I guess we will have to see if this is a blip, or a trend.
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This entry was posted on April 1, 2016 at 8:42 am and is filed under Commentary with tags BlackBerrry. 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.