BlackBerry (BBRY) Misses On Revenues In Q1
Zacks Investment Research | Jun 23, 2016 08:47AM ET
BlackBerry Limited (NASDAQ:BBRY) designs, manufactures, and sells wireless solutions to the mobile communications market. Through the development and integration of hardware, software, and services, BlackBerry provides solutions for seamless access to time-sensitive information, including e-mail, messaging, as well as Internet and Intranet-based applications.
Earlier, BlackBerry launched its much-awaited Android-based handset PRIV. The device has already witnessed significant market response and is expected to mitigate losses at the company’s smartphone business.
Lately, BlackBerry is exploring several business options by acquiring many companies which will likely help BlackBerry offset escalating losses in its smartphone business. BlackBerry’s BES12 platform is increasingly gaining traction. Moreover, launch of Android-based handset PRIV may also act to be a catalyst for BlackBerry going forward.
BlackBerry has a mixed track record with respect to earnings. The company has delivered negative earnings surprises in two of the last four quarters, with an average miss of 3.93%.
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