Categories AlphaGraphs, Earnings, Technology

BlackBerry reports Q4 2018 results; loss narrowed but revenues slide

Enterprise software and IoT giant BlackBerry (BB) continued its bad run for the fourth quarter, with revenue plunging 18.5% to $233 million, driven by a decline in handheld devices sales, which nosedived to $2 million from $55 million a year ago. As a percent of overall revenue, handheld devices revenue dropped to 0.9% from 19.2%. The reported net loss for the quarter, however, narrowed to $10 million, or $0.06 per share, from the year ago loss of $47 million, or $0.10 per share. The narrowed loss was helped by the double-digit growth in software and service billings. On an adjusted basis, earnings stood at $0.05 per share, up 25% year-over-year.

New Deals

The once-dominant smartphone giant announced new partnerships with Pana-Pacific to make BlackBerry Radar available to more than 2,800 commercial vehicle dealers in North America. Additionally, the company also entered into a multi-year agreement with Jaguar Land Rover to develop and license BlackBerry QNX and Certicom technology for their next-generation vehicles.

Outlook

For the fiscal year 2019, the company expects software and services billings growth to be in double-digits, while adjusted EPS is expected to be positive.

BlackBerry Q4 loss narrowed, but revenue declined
BlackBerry Q4 2018 earnings infographic

Most Popular

HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results

Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,

After positive Q4, Advanced Micro Devices (AMD) looks at a mixed 2023

Advanced Micro Devices, Inc. (NASDAQ: AMD) this week issued a cautious outlook for the first quarter of 2023, after reporting stronger-than-expected fourth-quarter results. The chipmaker did not provide full-year guidance,

META Earnings: All you need to know about Meta Platforms’ Q4 2022 earnings results

Meta Platforms, Inc. (NASDAQ: META) reported fourth quarter 2022 earnings results today. Revenue declined 4% year-over-year to $32.17 billion. Net income fell 55% to $4.6 billion while EPS dropped 52%

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top