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BlackBerry Q4 loss much narrower than expected but revenue sinks below $1 billion

28
Mar
2014

BlackBerry’s last earnings report was truly a thing of spellbinding horror as the company had just taken down its “for sale” sign and posted earnings of -$0.67 per share on $1.2 billion in revenue. The consensus estimate for this past quarter was that BlackBerry would post a net loss of $0.56 per share on $1.13 billion in revenue and the company on Friday beat expectations by posting an EPS of -$0.08 on $976 million in revenue. The revenue decline is potentially worrisome for BlackBerry because it represents a 64% year-over-year decline from Q4 2013 and a sequential decline of 18% from Q3 2014. BlackBerry is also still burning through its cash pile at an unhealthy clip, as its $2.7 billion in cash represents

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