The Traderszone Network

Published in TZ Latest News 26 September, 2014 by The TZ Newswire Staff

BlackBerry Q2 2015: A Mixed Bag With Uncertain Outlook

By WestEnd511:

BlackBerry’s (NASDAQ:BBRY) Q2 revenue was a mixed bag with revenue of $916m (-41% y/y) highlighting the ongoing headwind it faces in both hardware and service sales, while EPS of a -$0.02 loss beat consensus of -$0.16 loss per share, indicating that cost cutting is the only near-term driver of profitability. CEO John Chen reaffirmed its guidance of FY15 cash flow breakeven and FY16 profitability.

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