No joke; BlackBerry beats Wall Street expectations for the fourth quarter

No joke; BlackBerry beats Wall Street expectations for the fourth quarter
BlackBerry, in the midst of transitioning from a hardware to a software company, topped Wall Street expectations with its latest earnings report announced this morning. For the fourth fiscal quarter which ended on February 28th, the company grew its top line by 12.2% to $193 million. BlackBerry has turned over design, production, marketing and sales of BlackBerry phones over to companies like China's TCL. BlackBerry provides the software and collects a royalty based on sales.

The company also is involved with providing software to the IoT. It sells industrial software to manufacturers, and helps corporations monitor their mobile fleet with Mobile Device Management tools like BlackBerry UEM (formerly known as BES12). The company said today that it had 3,500 enterprise orders during the three-month quarter. During the period, BlackBerry reported a net loss of $47 million, or 10 cents a share. These figures represent an improvement over last year's fourth quarter net loss of 45 cents a share or $238 million. Not including certain one-time items, BlackBerry turned a 4 cents a share profit. That topped Wall Street expectation calling for BlackBerry to breakeven for the quarter.

BlackBerry CEO John Chen said that the company will throw off positive cash flow during the current fiscal year that ends in February 2018. He also said that the company will be profitable in the current fiscal year on an adjusted basis. There was a bit of bad news released by BlackBerry today as the company announced a delay in the launch of its last home-grown handset, the BlackBerry KEYone. Originally expected to be launched in April, the device is now expected to be released in May.


Despite the news about the KEYone delay, investors have been buying BlackBerry's shares. The stock is up over 13% in today's trading to $7.87.

source: Reuters

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83 Comments

1. Phonehex

Posts: 768; Member since: Feb 16, 2016

Bravo BB !! on the comeback trail!

13. Mxyzptlk unregistered

They're coming back through software and IoT support, but they are done as a handset manufacturer.

14. meanestgenius

Posts: 22504; Member since: May 28, 2014

And? None of that disproves that their pivot to a software and services company was the right thing to do. You're just in so much pain right now because you wanted BlackBerry to be dead by now.

17. trojan_horse

Posts: 5868; Member since: May 06, 2016

"You're just in so much pain right now because you wanted BlackBerry to be dead by now." LMAO, LMAO. :D

32. Mxyzptlk unregistered

A typical meanest comment, I don't see how it's funny. It's actually pretty predictable.

39. meanestgenius

Posts: 22504; Member since: May 28, 2014

"Typical Meanest comment" means it's the truth. It's funny BECAUSE it's true.

51. Mxyzptlk unregistered

It's far from the truth. More like bs.

58. meanestgenius

Posts: 22504; Member since: May 28, 2014

Yes, that's exactly what your comment is. Thanks for admitting it.

66. Mxyzptlk unregistered

I was referring to your comment.

74. meanestgenius

Posts: 22504; Member since: May 28, 2014

No you weren't.

33. Mxyzptlk unregistered

And where did I say that it wasn't the right thing to do? You're just trying to find some way to get something negative out of my comment even though what I said was true.

41. meanestgenius

Posts: 22504; Member since: May 28, 2014

Please point out where I said that you said it was the wrong thing to do. Don't worry, I'll wait.... YOU are the one that's just trying to find something negative about BlackBerry by trying not to deflect on the positive news about BlackBerry by harping on something that's common knowledge. Get over the fact that BlackBerry doesn't build smartphones, already. BlackBerry users aren't harping on it, so why are you?

52. Mxyzptlk unregistered

You were getting at it in your previous comment. There goes that goalpost moving again. Who says I'm harping? What I said wasn't untrue. Again, don't get mad at me just because what I said was a fact.

59. meanestgenius

Posts: 22504; Member since: May 28, 2014

No I wasn't. There goes that trying to change the facts around to suit your false narrative again. You are harping. You're always harping about the past concerning BlackBerry, and you've been called out for it several times by different readers here, like when Crispin called you out about always talking about the PRIV price at launch. Don't get mad at me because what I said is a fact.

67. Mxyzptlk unregistered

You're still moving that goalpost. You won't make a touchdown that way. Just like you've done with Apple, so you can get over it. The past is what shapes the future. Not my fault if you're stung by the truth.

75. meanestgenius

Posts: 22504; Member since: May 28, 2014

You're still changing the facts to suit your false narrative. You won't ever have anyone here that believes what you post if you keep doing that. I use Apple products, so I can comment on them logically. You post willfully ignorant comments about BlackBerry, and you even admitted that you do. Not my fault that you're bumburned about me calling you out on it constantly.

27. SleeperOne

Posts: 370; Member since: Feb 25, 2017

Now post as Batmite so we can get you banned.

31. Mxyzptlk unregistered

Why don't you post as batmite so you can be banned.

45. Crispin_Gatieza

Posts: 3166; Member since: Jan 23, 2014

So what? Companies evolve or end up in the garbage bin of history. Goodyear started selling horseshoes and bicycle tires: look at them now. Raytheon is the world's largest defense contractor and they started selling refrigerators. Stop hating so much, you'll be a grumpy old man before you're 20.

47. meanestgenius

Posts: 22504; Member since: May 28, 2014

He can't help it, Crispin. He already admitted to bashing BlackBerry because of me, and to making willfully ignorant comments on BlackBerry articles because of our "little feud". At this point, he doesn't know how to stop hating.

57. Mxyzptlk unregistered

I'm not hating. I know companies evolve and change with the times.

60. meanestgenius

Posts: 22504; Member since: May 28, 2014

You're always hating on BlackBerry. Why do you think so many people, including Crispin, keep calling you out on it?

65. Mxyzptlk unregistered

I comment on many subjects. Get over it.

73. meanestgenius

Posts: 22504; Member since: May 28, 2014

You troll and bash BlackBerry constantly, even on articles that have nothing to do with them. Those are facts. Get over it.

49. Highside

Posts: 197; Member since: Jan 31, 2017

Blackberry is dead. Should have pivoted to software only 10 years ago. Stick a fork in them.

50. meanestgenius

Posts: 22504; Member since: May 28, 2014

This article proves you to be 100% wrong. Nice try, though.

48. Subie

Posts: 2429; Member since: Aug 01, 2015

Absolutely agree. And where's all the John Chen trolls now?

2. Dr.Phil

Posts: 2488; Member since: Feb 14, 2011

I think the big news to come out of the conference call today was that they are working on a tablet with another partner. Hopefully it's a big partner that will do a global release and not some small regional partner.

4. Phonehex

Posts: 768; Member since: Feb 16, 2016

Are tablets relevant in todays world? Most people replace their tablet every 3 or 4 years .

23. Spyro

Posts: 334; Member since: Mar 29, 2017

It's still relevant though not as relevant as before.

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