Tag Archives: bbry

BlackBerry Woes Continued In Q2; Plans Android Phone

As it struggles with a turnaround, BlackBerry (BBRY) sharply missed quarterly earnings estimates Friday and announced plans to make a smartphone based on the Google (GOOGL) Android operating system. BlackBerry reported revenue of $491 million, well below the consensus of $610.6 million, as polled by Thomson Reuters; it was down 47% from the year-earlier quarter. This was the ninth quarter in a row of double-digit declines. BlackBerry reported a

BlackBerry Earnings Coming Amid Turnaround Efforts

BlackBerry (BBRY) is set to report quarterly earnings before the market open Friday, with investors wanting to see if the former smartphone champion is succeeding with its turnaround plan. The consensus estimate on revenue, among analysts polled by Thomson Reuters, is $610.6 million. That would be a 33% drop from the year-earlier quarter and the ninth quarter in a row of double-digit declines. Analysts expect a per-share loss minus items of 9

BlackBerry Buys Good Technology, Bulks Up Vs. VMware

BlackBerry (BBRY) said it would acquire security software maker Good Technology for $425 million in cash, moving further into the mobile device management market. Canada-based BlackBerry targeted mobile software after its smartphone business collapsed amid stiff competition with Apple (AAPL) and Samsung. While BlackBerry continues to struggle in mobile phones vs. Apple and others, acquiring Good Technology better positions BlackBerry in the