BlackBerry (BBRY) Posts Quarterly Earnings, Misses Estimates By $0.32 EPS
BlackBerry (NASDAQ:BBRY) released its earnings data on Friday. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.15) by $0.32, AnalystRatings.Net reports. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.93 billion.
BBRY has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of BlackBerry (NASDAQ:BBRY) in a research note to investors on Wednesday. On a related note, analysts at TD Securities cut their price target on shares of BlackBerry (NASDAQ:BBRY) to $9.00 in a research note to investors on Tuesday. Finally, analysts at Cormark downgraded shares of BlackBerry (NASDAQ:BBRY) to a “market perform” rating in a research note to investors on Tuesday. Sixteen analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.26.
Shares of BlackBerry (NASDAQ:BBRY) opened at 7.95 on Friday. BlackBerry has a 52 week low of $7.27 and a 52 week high of $18.32. The stock’s 50-day moving average is $10.17 and its 200-day moving average is $12.44. The company’s market cap is $4.098 billion. BlackBerry also was the target of unusually large options trading activity on Tuesday. Stock investors acquired 115,501 call options on the stock. This represents an increase of approximately 107% compared to the typical daily volume of 55,714 call options.
Research In Motion Limited is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market.
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