BlackBerry (BBRY) Posts Q2 adj-Loss of 2c/Share
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September 29, 2014 11:17 AM EDT
Deutsche Bank maintained a Hold rating on BlackBerry (NASDAQ: BBRY) and raised its price target to $9.00 (from $8.00).
Analyst Brian Madoff said, "Blackberry announced Q2 revenues of $916m, above our estimate $856m but below consensus of $936m. Pro-forma EPS was ($0.02), above... More
September 29, 2014 10:19 AM EDT
Nomura Securities analyst Stuart Jeffrey bumped his price target on BlackBerry (NASDAQ: BBRY) to $10.60 (from $10.00) Monday but maintained a Neutral rating following Q2 results, saying the company is showing some healthy signs of a recovery.
Jeffrey commented, "BlackBerry is showing some healthy signs of recovery. These dynamics have... More
September 26, 2014 8:13 AM EDT
BlackBerry (Nasdaq: BBRY) CEO John Chen said 200,000 Passport handsets sold. The company sold out of the device on its website in 6 hours and on Amazon.com in 10 hours. The Passport is also profitable at current sales levels.
Chen also said that demand for the Z3 handset is outpacing supply.
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September 26, 2014 7:51 AM EDT
BlackBerry (NASDAQ: BBRY) trades negative (-2%) after trading sharply higher (+9%) moments ago following this morning's earnings report.
BlackBerry reported Q2 EPS of ($0.02), $0.14 better than the analyst estimate of ($0.16). Revs were $916 million, versus the consensus at $949.6 million. Revenues are still down 43% year-over-year.
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