BlackBerry (BBRY) Posts Q1 adj.-Loss of 13c/Share; Expects Q2 Loss
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(Updated - June 28, 2013 7:08 AM EDT)
BlackBerry (Nasdaq: BBRY) reported Q1 adjusted loss of $0.13 per share, versus the analyst estimate calling for EPS of of $0.04. Revenue for the quarter came in at $3.07 billion, versus $2.81 billion reported last year.
Shipments of smartphones reached 6.8 million, up 13% sequentially from the previous quarter. BlackBerry shipped 7.8 million smartphones in the same period last year.
LatAm revs slipped 6 percent, with BlackBerry citing Venezuelan foreign currency restrictions.
North America revs saw a 29.6 percent sequential gain to $761 million.
"During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform," commented CEO Thorsten Heins. "We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions. Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next generation mobile computing solutions for both consumer and enterprise customers."
Looking ahead:
Throughout the remainder of fiscal 2014, the Company will invest in BlackBerry 10 smartphone launches, and the roll out of BlackBerry Enterprise Service 10, to continue to establish the new BlackBerry 10 platform in the marketplace. The Company will also invest resources to evolve BlackBerry Messenger into a leading cross platform mobile social messaging application, and launch other revenue initiatives associated with new services and emerging mobile computing opportunities. Based on the competitive market dynamics and these investments, the company anticipates it will generate an operating loss in the second quarter.
For earnings history and earnings-related data on BlackBerry (BBRY) click here.
BlackBerry (Nasdaq: BBRY) reported Q1 adjusted loss of $0.13 per share, versus the analyst estimate calling for EPS of of $0.04. Revenue for the quarter came in at $3.07 billion, versus $2.81 billion reported last year.
Shipments of smartphones reached 6.8 million, up 13% sequentially from the previous quarter. BlackBerry shipped 7.8 million smartphones in the same period last year.
LatAm revs slipped 6 percent, with BlackBerry citing Venezuelan foreign currency restrictions.
North America revs saw a 29.6 percent sequential gain to $761 million.
"During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform," commented CEO Thorsten Heins. "We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions. Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next generation mobile computing solutions for both consumer and enterprise customers."
Looking ahead:
Throughout the remainder of fiscal 2014, the Company will invest in BlackBerry 10 smartphone launches, and the roll out of BlackBerry Enterprise Service 10, to continue to establish the new BlackBerry 10 platform in the marketplace. The Company will also invest resources to evolve BlackBerry Messenger into a leading cross platform mobile social messaging application, and launch other revenue initiatives associated with new services and emerging mobile computing opportunities. Based on the competitive market dynamics and these investments, the company anticipates it will generate an operating loss in the second quarter.
For earnings history and earnings-related data on BlackBerry (BBRY) click here.
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