BlackBerry Reports Wider 1Q Loss, Revenue Misses Wall Street Targets Amid Pandemic -- Earnings Review


2020/06/25 05:13  Dow Jones Newswires

DJ BlackBerry Reports Wider 1Q Loss, Revenue Misses Wall Street Targets Amid Pandemic -- Earnings Review

By Maria Armental

BlackBerry Ltd. reported a wider first-quarter loss, driven by a roughly $594 million goodwill impairment charge, and said it wouldn't give financial projections, citing the coronavirus pandemic. Here's what you need to know:

LOSS: Net loss widened to $636 million, or $1.14 a share, from $35 million, or 9 cents a share, a year earlier. The quarter included a roughly $594 million non-cash, one-time goodwill impairment charge primarily related to the BlackBerry Spark reporting unit. On an adjusted basis, the company reported a profit of 2 cents a share, up from a penny a share a year earlier. Analysts surveyed by FactSet had expected an adjusted loss of 2 cents a share.

REVENUE: Revenue fell to $206 million from $247 million a year earlier. On an adjusted basis, revenue fell to $214 million from $267 million a year earlier, missing analysts' projected $215.8 million.

OUTLOOK: The company said it wouldn't give financial projections for the current year, citing uncertainty about the business impact of the coronavirus pandemic.

PANDEMIC: "BlackBerry QNX was impacted by macro headwinds in the auto and other embedded sectors but we are starting to see signs of a recovery," Chief Executive John Chen said in a statement. "On the enterprise front, we saw good demand from customers who recognized the necessity for BlackBerry's security, business continuity and productivity solutions in an increasingly remote working environment."

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(END) Dow Jones Newswires

June 24, 2020 17:13 ET (21:13 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.



黑莓有限公司(BlackBerry Ltd.)公布第一季度亏损扩大,原因是一笔约5.94亿美元的商誉减值费用,并表示不会给出财务预测,理由是冠状病毒大流行。以下是您需要知道的内容:




流行:“黑莓QNX受到汽车和其他嵌入式行业宏观逆风的影响,但我们开始看到复苏的迹象,”首席执行官约翰·陈(John Chen)在一份声明中表示。在企业方面,我们看到了客户的良好需求,他们认识到在越来越偏远的工作环境中需要黑莓的安全、业务连续性和生产力解决方案。“

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