BlackBerry expected to post a small loss for fiscal Q2; company's operations valued at under $300M

BlackBerry expected to post a small loss for fiscal Q2; company's operations valued at under $300M
Wall Street analysts are expecting BlackBerry to report a loss for its fiscal second quarter of approximately $39.2 million dollars, or 7 cents a share. That would follow the beleaguered firm's fiscal Q1 loss of 5 cents a share, or $28 million. For the full year, the mean estimate of Wall Street analysts calls for BlackBerry to lose $84 million, or 15 cents a share.

The BlackBerry Passport and the BlackBerry Classichave underwhelmed in terms of sales. The company thought it had a big winner with the Passport. With its 4.5-inch, 1440 x 1440 resolution screen and its 1:1 aspect ratio, the wide box-like screen is perfect for reading documents and emails. BlackBerry even included OIS on the 13MP rear camera, and a 3450mAh battery.

The BlackBerry Classic was designed for those who love the older, more traditional 'Berry design. That is why the Classic features a trackpad and the old school function keys. It also carries a dated Snapdragon S4 Plus chipset which hindered sales.

Things might be looking up for BlackBerry. The other day, a number of video leaks showed images and video of the Android flavored BlackBerry Venice slider, first shown off at MWC by the company. The latest rumor is that the device will be offered by all four major U.S. carriers starting sometime in November.

BlackBerry sold 1.1 million handsets in the three month period ending in May, and had $3.32 billion in cash, which buys the company plenty of staying power. It also makes BlackBerry vulnerable to a takeover. Subtracting the company's cash hoard, BlackBerry's operations are valued by investors at only 55 cents a share or $291.5 million.

BlackBerry should release the results of its fiscal second quarter sometime during the second half of next month.

Thanks for the tip!

source: TheMarketsDaily
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