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BlackBerry (BB) Q2 Loss Wider Than Expected, Revenue View Cut
BlackBerry Limited BB reported lackluster second-quarter fiscal 2020 (ended Aug 31, 2019) financial results.
Net Loss
On GAAP basis, net loss for the quarter was $44 million or loss of 10 cents per share against net income of $43 million in the year-ago quarter. The year-over-year decline was primarily due to higher operating expenses.
The company achieved break-even non-GAAP earnings per share. Adjusted loss per share was 2 cents, which was wider than the Zacks Consensus Estimate of loss of 1 cent.
Revenues
Quarterly GAAP revenues increased 16.2% year over year to $244 million. Software and services revenues were $239 million, up 24%. Geographically, North America generated revenues of $179 million compared with $133 million in the year-ago quarter. Revenues from Europe, Middle East and Africa were $47 million, down 11.3% year over year, while revenues from other regions totaled $18 million, down 25%. Non-GAAP revenues were $261 million compared with $214 million in the year-earlier quarter.
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https://finance.yahoo.com/news/blackberr...03928.html
![[Bild: BBc1dl1330.png]](https://finviz.com/publish/092419/BBc1dl1330.png)
BlackBerry Limited BB reported lackluster second-quarter fiscal 2020 (ended Aug 31, 2019) financial results.
Net Loss
On GAAP basis, net loss for the quarter was $44 million or loss of 10 cents per share against net income of $43 million in the year-ago quarter. The year-over-year decline was primarily due to higher operating expenses.
The company achieved break-even non-GAAP earnings per share. Adjusted loss per share was 2 cents, which was wider than the Zacks Consensus Estimate of loss of 1 cent.
Revenues
Quarterly GAAP revenues increased 16.2% year over year to $244 million. Software and services revenues were $239 million, up 24%. Geographically, North America generated revenues of $179 million compared with $133 million in the year-ago quarter. Revenues from Europe, Middle East and Africa were $47 million, down 11.3% year over year, while revenues from other regions totaled $18 million, down 25%. Non-GAAP revenues were $261 million compared with $214 million in the year-earlier quarter.
...
https://finance.yahoo.com/news/blackberr...03928.html
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