BlackBerry Ltd (BBRY) Q4 Earnings: What To Expect?

Blackberryuser1462590383 / Pixabay

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) said in a press release that the company will report its fiscal fourth quarter ending March 1 and full-year 2014 results on Friday, March 28. The company will release its report at 8:00 AM ET. Interested investors and analysts can access the call by dialing 1-800-814-4859 or by visiting this link through their BlackBerry devices.

BlackBerry on a job-cutting spree

Shares of the Canadian smartphone and software company have gained more than 50% over the past three months. Investors are excited about this earnings announcement as they are betting on John Chen’s leadership, who has vowed to make BlackBerry Ltd (NASDAQ:BBRY)  (TSE:BB) profitable by 2016. Investors will be watching closely whether he is on track to achieve his goal.

BlackBerry

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is unlikely to surprise in the fourth quarter. Analysts expect the company to remain in red amid the turnaround efforts. Yesterday, the Waterloo-based company announced plans to cut 120 more jobs in Waterloo. The company said the layoffs will affect its product development and wireless technology units. The job cut is a part of the company’s plan to slash expenses, mainly by reducing its workforce by about 40%.

BlackBerry unlikely to show big surprises ahead of Z3 launch

Last week, BlackBerry Ltd (NASDAQ:BBRY)  (TSE:BB) also sold its U.S. headquarters in Irving, Texas to Brookfield Property Group. The Canadian smartphone maker purchased the 460,000-square-foot property in 2009. The company will lease back 37% of the property to maintain its operations in Irving. Though job cuts and real estate sales may help the company improve its cash position, they are unlikely to significantly change investor perception. Investors are expecting a blockbuster product from BlackBerry in the not too distant future.

The recently announced Z3 smartphone will be launched next month. And the QWERTY keypad-equipped Q20 is likely to release by the end of this year. Therefore, the only new developments we are likely to see this quarter are some more inventory write-offs.

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) shares were up 0.87% to $9.25 as of  10:31 AM EDT.

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About the Author

Vikas Shukla
Vikas Shukla has a strong interest in business, finance, and technology. He writes regularly on these topics. - He can be contacted by email at vshukla@valuewalk.com or on Twitter @VikShukla10

10 Comments on "BlackBerry Ltd (BBRY) Q4 Earnings: What To Expect?"

  1. I was attempting to send a resume to Blackberry applying for hardware/software engineering job. The job website does not seem to be working properly, so I sent a email. I was hoping to get in touch with a career dept employee. Still I do not have a reply, it appears perhaps that dept is shut down.

  2. Have you submitted your recommendations to the BlackBerry I can make it better website? (I posted a reply earlier, but I guess they censored it due to a url)

  3. no Pjews a lot of the property has been used as debenture loan guarantees in the event Blackberry defaults on the loan

  4. PW will gain nothing in real estate as it is all been sold. Only if he has bought the properties.

  5. in case your wondering Prem Watsa wins even if BB goes under due to the debenture loans, he will gain real estate cheap and will win no matter the outcome. He covered all his bases.

  6. supporting a company doing something wrong “as you are doing” does not help a company it only continues to steer them in the wrong direction. So you are saying I should be positive even though something is being done incorrectly?

  7. Hi Devvvv, I understand and appreciate your point… actually, your grasp of the obvious is impeccable!

    However, being a bully and making negative badgering comments towards your fellow plebeian citizens is anything but constructive and will just cast negative energy throughout your entity.

    What you seek is attention, but it’s sad and pitiful attention you are soliciting… I don’t think you are giving yourself the dignity you deserve.

    Peace and tranquility mon!

  8. There are no guarantee s in life. So if Watsa is in then I’m in.

  9. Well did you believe when Thorsten vowed also, where did that get you, lower on funds?

  10. I believe *

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