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Cost cuts working at BlackBerry, but sales disappoint

Mar. 27, 2015 7:23 AM ETBlackBerry Limited (BB) Stock, BB:CA StockBBBy: Stephen Alpher, SA News Editor63 Comments
  • FQ4 operating income of $2M vs. a loss of $156M a year ago. EPS of $0.04 vs. a loss of $0.08. Normalized cash flow of $76M vs. a loss of $784M.
  • Revenue of $660M vs. expectations for nearly $800M, with devices revenue of $277M vs. estimates for $444M, services revenue of $310M vs. $318M, software revenue of $66M vs. $68M.
  • Revenue recognized on about 1.3M BlackBerry phones, with about 1.6M sold to end customers, with an ASP of $211 vs. $180 the previous quarter.
  • BBRY is halted from premarket trade until 7:30 ET.
  • Earnings call at 8 ET.
  • Previously: BlackBerry beats by $0.09, misses on revenue (March 27)

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