BlackBerry Limited (BB)

[XenaLives]

This was the only balanced evaluation of earnings I found..

Hard to believe the stock went to multi year lows on this. Fortunately I only had a small position to begin with.

BlackBerry beats Q2 earnings expectations; revenues miss estimates
September 24, 2019

BlackBerry Limited (NYSE: BB) reported better-than-expected earnings for the second quarter of 2020 but revenues fell short of estimates. The stock tumbled over 9% in premarket hours on Tuesday.

Total revenue of $244 million was up 16% from the same period last year but below forecasts of $265 million. On an adjusted basis, revenue grew 22% to $261 million.

On a GAAP basis, the company reported a net loss of $44 million compared to a net income of $43 million last year. GAAP loss per share was $0.10 compared to a loss of $0.04 per share in the year-ago quarter. Adjusted EPS was $0.00, better than the estimated loss of $0.01 per share.

For the full year of 2020, the company expects adjusted revenue growth to be 23-25%, driven by a double-digit percentage increase in billings year-over-year.

BlackBerry promoted Steve Rai from deputy CFO to CFO and named Steve Capelli as the new Chief Revenue Officer. These changes will take effect on October 1, 2019.

https://news.alphastreet.com/blackberry-earnings-q2-2020-bb-stock/