Research In Motion Earnings: Here’s Why Investors Like These Results
Research In Motion Ltd (NASDAQ:BBRY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.63%.
Research In Motion Ltd Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.22 in the quarter versus EPS of $ in the year-earlier quarter.
Revenue: Decreased 0% to $220,000 from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: “We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the Company returning to profitability in the fourth quarter,” said Thorsten Heins, President and CEO. “With the launch of BlackBerry 10, we have introduced the newest and what we believe to be the most innovative mobile computing platform in the market today. Customers love the device and the user experience, and our teams and partners are now focused on getting those devices into the hands of BlackBerry consumer and enterprise customers.”
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased to $0.22 in the quarter versus EPS of $ in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate is a loss of $0, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)