Trade with Eva : Analytics in action: BlackBerry (BBRY) reported earnings on Fri 1 Apr 2016 (b/o)

Friday, April 1, 2016

** charts after earnings **

BlackBerry beats by $0.07, misses on revs :

Reports Q4 (Feb) loss of $0.03 per share, excluding non-recurring items,$0.07 better than the Capital IQ Consensus of ($0.10); GAAP revenues fell 29.7% year/year to $464 mln vs the $564.86 mln Capital IQ Consensus.
Non-GAAP revenue for the fourth quarter of fiscal 2016 was $487 mln with GAAP revenue of $464 mln. GAAP revenue reflects a purchase accounting write down of deferred revenue associated with recent acquisitions. The non-GAAP revenue breakdown for the quarter was ~32% for software and services, 29% for service access fees, and 39% for hardware and other revenue. Co reported Q4 adjusted EBITDA of $78 mln.
Outlook: The company expects to grow software and services at around 30 percent. The Company continues to anticipate positive free cash flow and adjusted EBITDA for the full 2017 fiscal year.