earnings report

Qualcomm Q4 FY2014 earnings boosted by increase in chip sales

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Qualcomm's Q4 FY2014 earnings better than last year, but slips from last quarter

Qualcomm announced its fourth quarter earnings today and despite shipping more chips, earnings were down from the previous quarter. The main news from the earnings report is that the company is reporting net income of $1.89 billion on revenues of $6.69 billion. Revenues and income are both up year-over-year, but down from the previous quarter. In addition, Qualcomm's operating income rose to $1.99 billion, up 25 percent year-over-year, but also down 4 percent sequentially.

BlackBerry will announce Q2 FY2015 earnings on Sept. 26

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BlackBerry has announced that it will announce earnings for the second quarter of the 2015 fiscal year on Friday, September 26. The announcement will be made over a conference call for investors as well as via a live webcast at 8 AM ET.

Press Release: BlackBerry Q1 2015 Earnings Report

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Right on time. BlackBerry has now posted their BlackBerry Q1 2015 Earnings Report there's plenty of highlights throughout. Their cash balance is up from $2.7 billion in the prior quarter to $3.1 billion at the end of the fiscal first quarter, they reduced adjusted operating expenses by 57% year over year and 13% quarter over quarter and have successfully released the BlackBerry Z3 in Indonesia with 8 other countries soon to follow. We'll be digging into it all more in a bit here but for now, the press release is below for you to read through.

BlackBerry Q1 2015 Earnings Report and AGM Live Blog

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Rise and shine! BBRY earnings are expected to cross the wire at 7am ET, and the investors conference call will kick off at 8am ET. We'll be keeping this chat open for most of the morning due to the fact the BlackBerry Annual and Special Meeting is being held at 10AM ET. We'll have Chris Umiastowski for the earnings call commentary. After that, Simon Sage is on hand in Waterloo for the BlackBerry Annual and Special Meeting. Once that is over, we'll be getting up a podcast mid-afternoon-ish and taking a further look at things. So, feel free to hop into the chat and participate when things get rolling!

  • You can tune in here to listen to the Earnings call
  • You can tune in here to listen to the Special Meeting call

Press Release: BlackBerry Reports Fourth Quarter and Year-End Results for Fiscal 2014

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The report is in — BlackBerry has dropped their fourth quarter results. They're reporting a balance of $2.7B at the end of the quarter (compared to $3.2B last quarter), with an adjusted Q4 gross margin of 43%, up from 34% in the prior quarter. Approximately 3.4 million devices were sold to end users in the fourth quarter, of which around 2.3 million were BlackBerry 7 devices.

What will BlackBerry Q4 earnings bring?

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This Friday morning BlackBerry will report the final quarter of the company’s fiscal 2014 results. As usual, I’ll remind you that yes, it is really the end of their 2014 year since they have a February year end to their fiscal year.

To set the stage for the announcement, let’s take a quick look back at what happened last quarter. The company reported only $1.2 billion in revenue for Q3, which was down from $1.6 billion in Q2. Revenues have been falling sharply, and everyone is waiting to see where they level out. In terms of devices, the company recognized revenue on 1.9 million units, which was also a sharp reduction from the 3.7 million units in Q2. Hardware sales made up 40% of sales last quarter. 53% of sales came from service revenue, which is still mostly tied to legacy BBOS carrier fees. This is an area that is in decline as the business model shifts to BlackBerry 10.

Press Release: Research In Motion Reports Q3 Results for Fiscal 2013

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RIM

RIM has reported their earning for Q3 of fiscal 2013 today. We knew pretty much how things would turn out, so not too many surprises here. RIM has been dedicated to BlackBerry 10 for the last few months, so the results here are fairly on par with what we expected. The unveiling of BlackBerry 10 is only a few weeks away so we still hope to see amazing things in the coming months. You can tune into the earnings call at 5p EST for more and rest assured we'll have a follow-up post on everything later tonight. Keep reading for the full press release.

BlackBerry Stock Talk: What’s expected from this week’s quarterly results?

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Santa Stock Market

For many years I looked forward to Research In Motion's late December quarterly results. They'd almost always outperform expectations so it was like an early Christmas present to sit there listening to the joy.

The last couple of years haven't been quite as fun to watch. This Thursday, December 20th, RIM will report its latest set of financial results. Will we get an early Christmas present? We shall see.

Press Release: Research In Motion Reports Q1 Results for Fiscal 2013 - BlackBerry 10 phones delayed until Q1 2013

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Thorstein Heins

Research In Motion has just reported their results for the first quarter of the 2013 fiscal year. We kind of knew what to expect after a business update was issued only a month ago, but it will be interesting to hear what RIM CEO Thorstein Heins has to say during the conference call. The CORE (cost optimization and resource efficiency) program still aims to save $1 billion by the end of fiscal 2013. RIM has faced a few challenges over the last few months but we're hoping that things pick up speed as we head toward the releae of BlackBerry 10. It's noted here that it's still "our number one priority" --however the updated release date for BB10 devices is now Q1 of 2013. 

You can check out our full coverage and follow along with our live podcast and webcast during the call. Be sure to stick around after to hear our thoughts on it all. We'll be following up shortly with a breakdown of just what it all means, so be sure to check back later. 

Press Release

Research In Motion Reports First Quarter Fiscal 2013 Results

WATERLOO, ONTARIO--(Marketwire - June 28, 2012) - Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported first quarter results for the three months ended June 2, 2012 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Highlights:

  • Cash, cash equivalents, short-term and long-term investments increased to $2.2 billion at the end of the first quarter
  • Cash flow from operations was approximately $710 million in the first quarter
  • Revenue of $2.8 billion in Q1, down 33% from $4.2 billion in the prior quarter
  • GAAP net loss in Q1 of $518 million or $0.99 per share diluted; adjusted net loss of $192 million or $0.37 per share diluted
  • Shipments of BlackBerry smartphones were 7.8 million and shipments of BlackBerry PlayBook tablets were approximately 260,000
  • BlackBerry 10 smartphone launch now scheduled for Q1 of calendar 2013
  • Restructuring efforts underway that will include a workforce reduction of approximately 5,000 employees as part of RIM's efforts to realize over $1 billion in cost savings, based on RIM's Q4 FY2012 run rate
  • Launched World Tour BlackBerry Jam developer sessions in 23 countries resulting in strong adoption and support by application and developer partners for BlackBerry 10 platform
  • BlackBerry App World continues to grow with over 89,000 applications available
  • The overall BlackBerry subscriber base continued to grow, and the subscriber base grew in all regions except for North America
  • RIM names Steve Zipperstein, former General Counsel of Verizon Wireless, as Chief Legal Officer

RIM’s Q4: Weak results, outlook and brutally honest CEO commentary

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RIM Office

Last night RIM posted its Q4 results and held its customary conference call. It was our first time experiencing a quarterly call without Jim Balsillie. The new CEO, Thorsten Heins, did a great job highlighting RIM’s challenges and plans on the call. Unlike any past conference calls, Heins’ commentary was 100% intelligible, honest, and raw.

Make no mistake, the call was a disaster from a business perspective. RIM is on very shaky ground. But this is the first time we’ve heard the company’s CEO accept just how bad things have become, while speaking intelligently about how to make a comeback.

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