- FQ2 revenue of $490M was well short of the $611M estimate. Hardware revenue of $200M vs. $263M consensus, with the company recognizing revenue on just 800K smartphones at an ASP of $240.
- Software revenue of $74M vs. $100M consensus and Services revenue of $210M vs. $227M.
- Gross margin of 37.8% vs. 48.5% estimate.
- Total cash of $3.35B (net cash of $2.1B) at quarter-end, up $37M from three months earlier. 6M shares bought back during quarter for $47M.
- Company anticipates modest sequential revenue growth for the rest of fiscal 2016.
- Previously: BlackBerry misses by $0.04 (Sept. 25)
- Conference call at 8 ET
- BBRY -7.5% premarket