Canada's BlackBerry Ltd, reported better-than-expected quarterly earnings on Friday, as operating costs almost halved, and said it expects to be profitable on an adjusted basis in 2018.
Following the results announcement, analyst Zino lifted his operating EPS estimate from eight cents a share to 12 cents for the fiscal year ending February 2018. Revenues fell to Dollars 286 million from 464 million the year before while the adjusted EBITDA reached USD 42 million, positive for the thirteenth consecutive quarter. BBRY said it expects to grow "at or above the overall market" in its software business, to return to profitability on an adjusted basis, and to generate positive free cash flow for the full year. Share performance for the month is now at 0.87%. During the same quarter in the prior year, the company earned ($0.03) earnings per share.
State Street Corp increased its stake in BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
If some significant royalties come through from BlackBerry's mobile phone-licensing deals this year, and the autonomous driving experiment pays off by 2019 or so, then investors who manage to hold on to BlackBerry shares may be greatly rewarded.
The company's US shares closed up 11.5 percent at $7.75 on Friday, and its Toronto-listed shares closed up 11 percent at C$10.30.
"What this might mean, and I make no promise, is that you may soon see a BlackBerry tablet", said CEO John Chen in a conference call with analysts after the company released its fourth-quarter and year-end numbers.
The smartphone maker-turned-software company said operating expenses fell 49.2 percent to $229 million in the quarter.
BlackBerry shed the burden of its ever-shrinking phone business by officially outsourcing all device design, production and sales to other companies previous year - allowing it to cut back further on costs. The FactSet revenue consensus was $288 million.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. BlackBerry had over 3,500 enterprise customer orders in the quarter.
Blackberry's Toronto-listed shares were trading down 0.4 percent at C$9.40, while the benchmark Canadian share index.GSPTSE was up 0.3 percent.
Pilot Hasrizan Kamis said the crew dressed in civilian clothes as a "precautionary step" for the mission. Malaysian officials said they had the right to conduct an autopsy with the death happening on its land.
The other persons from left: party's Secretary General Katarina Barley, Ralf Stegner, Doris Ahnen, and Thomas Oppermann. The state poll was being seen as a bellwether for the upcoming national elections.
Critics have chided the president for those visits because of the travel and security costs associated with the trips. The Democrats, citing press reports, said each of Trump's weekend trips to his Florida estate costs about $3 million.
Two astronauts are back inside following a spacewalk that took an unintended turn when a piece of equipment got away. While not a ideal fit, the cover will help protect the station from impacts and provide thermal shielding, NASA said.
In the afternoon finals match, Dustin defeated 22-year-old sensational Spaniard Jon Rahm one up on the last, eighteenth hole. That changed on Monday when Johnson informed Houston and PGA officials that he would take the week off before the Masters .
Chadian opposition parties say she should have been banned from visiting describing her as a champion of "fascist" policies. Touching upon the accusations of Russian meddling in the French election campaign, Le Pen said the claims were groundless.
Twin brother Joaquin served San Antonio in the Legislature for a decade before winning election to Congress in 2012. His father once was the El Paso County judge, and O'Rourke is a former member of the El Paso city council.
It's great just to see the new logo, but take a closer look, and it actually reveals some key facts about the next Destiny game. It's potentially not just Xbox One owners who will feel the full brunt of the PS4 timed-exclusivity arrangement for Destiny 2 .
However, Harry changed his mind after Prince William was filmed dancing and partying in an all-boys ski trip. A Kensington Palace spokesmen has declined to comment, describing it as a "private matter".
Once they're done decorating, people can add them to their story , share it to the news feed or direct-message it to a friend. This allows you to share photos and videos with each other in direct response to the stories you are trading with each other.
Shortly thereafter, the commander in chief called on followers to watch Judge Jeanine Pirro's show on Fox News that evening. Nonetheless, President Trump and Ryan are in agreement that the collapse of the law is as a result of the rising premiums.
Green made sure to mention that moving a town over is different than bolting to another city 500 miles away. When it's done and the Raiders move in, UNLV will as well. "You just don't move certain franchises".
In these vehicles, the pawl spring tab in the side door latch can brake, leading to the door not being able to close properly. Dealerships will replace the current two-piece driveshaft in favor of a three-piece unit with two center bearing brackets.
As a president, Trump has moved more cautiously. "A more defined course of action in Syria is still coming together", he said. Tillerson said the United States would play its part and pay its fair share of the overall operation.
And Spicer last week suggested strongly that he doubted it was the White House that provided the information. Chuck Schumer (D-NY) called for Speaker of the House Paul Ryan (WI) to replace Nunes as chair; Rep.
The superstar's films just don't seem to be getting a solo release at the ticket windows and it has happened once again. Now coming to Shah Rukh Khan , after Happy New Year, Raees is perhaps the only film he can boast about being a hit.
Furthermore, in his latest tweets on Monday evening, Trump wrote that the " Trump Russia story is a hoax ". The charges stem from Peter Schweizer's book Clinton Cash and an April, 2015 New York Times article .
Most recently, Marvel TV fave Rosario Dawson voiced a tiny plastic version of Batgirl in Warner Bros.' The Lego Batman movie. Circling back to what we know, though, Variety reports that "characters from the world of Gotham" will feature in the film.
In fact, the trailer's background song was entitled " Sit Down " by James and the title of the latest teaser was " Long Walk ". Unfortunately there is no new footage within the promo, oh how HBO like to toy with us when it comes to their biggest property.
In the 1990s, a python was discovered in the same area, but nobody had ever been swallowed by a snake before, Junaidi observed. A day later, when the police conducted a search they found a python had sprawled out in Akbar's garden, the BBC noted.
A week ago, Chinese premier Li Keqiang insisted that China's use of the region was not an attempt at colonization. Duterte repeated that he would not go to war with militarily superior China over the territorial conflict.
Replying to the debate, Finance Minister Arun Jaitley said the bill protects the source of information related to tax evasion. He billed the merger of various tribunals as an effort to rationalise and save the exchequer's expenses.
Citing a team source on Tuesday, Bleacher Report's Jason Cole reported the Saints have "no interest" in signing Manziel. Currently, it's my understanding he hasn't signed his tender, so it was just that.
The store is able to track a few customers at a time , but once it reaches about 20, it becomes too much for the system . AmazonFresh Pickup is now in beta testing with employees at two locations in Amazon's Seattle headquarters.