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BlackBerry (BBRY) Reports Wider Than Expected Loss

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BlackBerry Limited ( BBRY ) 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.

Lately, BlackBerry has been 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.

Currently, BlackBerry has a Zacks Rank #5 (Strong Sell), 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 of $0.13/share which is wider than the Zacks Consensus Estimate of a loss of $0.07/share.

Revenue: BlackBerry Limited reported revenues of $490 million. This misses our consensus estimate of $622 million.

Key Stats to Note: Software licensing revenue improved 33% year over year. However, revenue for the reported quarter fell 46.5% year over year.

Stock Price: BlackBerry shares were down 3.27% at the time of writing. Clearly, the initial reaction to the release is negative.

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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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