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BlackBerry’s long, hard slog back to respectability


BlackBerry’s fourth-quarter earnings were markedly better than expected, with its loss of $0.08 per share a share significantly better than the consensus estimate of a $0.67 loss per share. At first glance, that would be a huge improvement, but when you drill down further, the company still has a long way to go towards getting anywhere close to where it once was in the mid-2000s. For the fourth quarter, BlackBerry only generated $976 million in revenue, a far cry from the $1.13 billion analysts were expecting. To make matters worse, that’s down 18% sequentially, and 64% year over year. Those aren’t exactly numbers that would make anyone brag about. To make matters worse, the company is still spending cash, having drawn

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FRIDAY, JULY 19, 2019

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