BlackBerry (BBRY) Reports Narrower Q3 Loss

BlackBerry Limited BBRY provides 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.

Earlier in the year, BlackBerry launched its much-awaited Android-based handset PRIV and recently launched the Android based DTEK60. The company has discontinued manufacturing handsets and has taken the decision to outsource production. BlackBerry has an impressive record with respect to the bottom line. The company has delivered positive surprises in each of the last four quarters, with an average beat of 61.25%.

Zacks Rank: Currently, BlackBerry has a Zacks Rank #3 (Hold), but that could definitely change following BlackBerry’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: BlackBerry Limited reported a loss (on an adjusted basis) of 1 cent per share compared to the Zacks Consensus Estimate of a loss of 4 cents per share.

Revenue: BlackBerry reported revenues of $301 million. This missed the Zacks consensus estimate of $331 million.

Key Stats: BlackBerry is on track to achieve 30% growth in software and service revenue. The company now expects the bottom line to be profitable in fiscal 2017 as compared to the earlier mentioned range of $0.00 to -$0.05 per share.  

BLACKBERRY LTD Price and EPS Surprise

BLACKBERRY LTD Price and EPS Surprise | BLACKBERRY LTD Quote

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
BLACKBERRY LTD (BBRY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Comments on BBRY stock

Do share this awesome post