Wireless News
09-27-2013, 07:50 AM
BlackBerry released its second-quarter earnings report on Friday and it’s just as bad as the company warned us it would be last week. On the quarter BlackBerry posted a GAAP operating loss of $965 million on sales of $1.6 billion, which marked a 49% year-over-year decline in revenues. After adjustments, BlackBerry’s operating loss narrows to $248 million, or $0.47 per share. As expected, the company also reported selling just 3.7 million smartphones on the quarter, which marked-a huge drop from the 6.8 million smartphones it sold in the previous quarter. And finally, BlackBerry reported that its cash reserves have started to bleed out, as its $2.6 billion in reported cash marked a $500 million decline from the $3.1 billion it
More... (http://news.yahoo.com/blackberry-q2-earnings-ugly-expected-112912066.html)
More... (http://news.yahoo.com/blackberry-q2-earnings-ugly-expected-112912066.html)