Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Stock Traders Daily
$20.00
Provider: ValuEngine, Inc.
$25.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

BlackBerry Ltd Issues Q2 2014 Guidance; Revenue Guidance Below Analysts' Estimates; Issues Q2 2014 Charge Guidance


Friday, 20 Sep 2013 03:15pm EDT 

BlackBerry Ltd announced that for the second quarter of 2014, it expects to report revenue of approximately $1.6 billion, of which approximately 50% is expected to be service revenue. For the second quarter, it expects to recognize hardware revenue on approximately 3.7 million BlackBerry smart phones. As a consequence of the more intense competition the Company is experiencing in its hardware business, it expects to report a primarily non-cash, pre-tax charge against inventory and supply commitments in the second quarter of approximately $930 million to $960 million, which is primarily attributable to BlackBerry Z10 devices. The current quarter will also include a pre-tax restructuring charge in the approximate amount of $72 million reflecting ongoing cost efficiency initiatives. The Company also expects that its adjusted net loss, before giving effect to the inventory and restructuring provisions, will be in a range of approximately $250 million to $265 million, or $0.47 to $0.51 per diluted share. Including the inventory and restructuring provisions, the GAAP net loss is expected to be approximately $950 million to $995 million, or $1.81 to $1.90 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $3.1 billion for the second quarter of 2014. 

Company Quote

10.89
0.05 +0.46%
5 Mar 2015