Shares of BlackBerry (BBRY) displayed
historically little volatility after the cell phone producer released its fourth
quarter results for its fiscal 2013 before the market open on Thursday. Shares
initially spiked up to trade with gains of around 6% before gradually falling
back during the trading day to close the day with a small loss of less then
1%.
Fourth Quarter Results
BlackBerry generated fourth quarter revenues of $2.68 billion, down 36% on the year before. Revenues fell 2% compared to the third quarter, and missed consensus estimates of $2.82 billion.
While revenues missed consensus estimates, the company reported very strong gross margins. Gross margins came in at 40.1%, up 660 basis points on the year, and up even 970 basis points compared to the third quarter. The extent of the margin improvement compared to last year is impressive as revenues fell by little over a third over the past year.
Read the entire article on Seekingalpha by clicking the following link
Fourth Quarter Results
BlackBerry generated fourth quarter revenues of $2.68 billion, down 36% on the year before. Revenues fell 2% compared to the third quarter, and missed consensus estimates of $2.82 billion.
While revenues missed consensus estimates, the company reported very strong gross margins. Gross margins came in at 40.1%, up 660 basis points on the year, and up even 970 basis points compared to the third quarter. The extent of the margin improvement compared to last year is impressive as revenues fell by little over a third over the past year.
Read the entire article on Seekingalpha by clicking the following link
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