-=BlackBerry (BB) reported earnings on Tue 24 Sept 19 (b/o)

BlackBerry beats by $0.01, misses on revs; guides FY20 revs in-line

Reports Q2 (Aug) net of breakeven, $0.01 better than the S&P Capital IQ Consensus of ($0.01); revenues rose 16.2% year/year to $244 mln vs the $267.91 mln S&P Capital IQ Consensus.

Co issues in-line guidance for FY20, sees FY20 revs of +23-25% yr/yr to $1.13-1.15 bln vs. $1.13 bln S&P Capital IQ Consensus.

Management Change

• With its focus on long-term, sustainable growth, BlackBerry announces that Steve Capelli will move into the newly-created role of Chief Revenue Officer to drive revenue-generating and business development activities across the company.
• BlackBerry promotes Steve Rai from Deputy Chief Financial Officer to Chief Financial Officer. These changes take effect as of October 1, 2019.