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Is This BlackBerry's Last Gasp?

When BlackBerry (NASDAQ: BBRY  ) released its most recent earnings result, the death rattle was heard around the market, and the stock got immediately clobbered as a result. Rather than the $0.06 profit that was expected, the company reported a loss. Additional bad news included weak sales of BB10 devices, and the net loss of a significant number of subscribers. While the company owns some nice pieces of technology, its weak operating results are bad news for investors.

BBRY Chart

BBRY data by YCharts

In the video below, contributor Doug Ehrman discusses some of the specifics of the earnings release, and whether BlackBerry can survive on its current course.

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Read/Post Comments (6) | Recommend This Article (1)

Comments from our Foolish Readers

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  • Report this Comment On July 04, 2013, at 11:04 PM, BB104ever wrote:

    I love these guys the shoot a video for their blog in their living room they make predictions on muti billion dollars businesses where they are going wrong and when they go wrong what ajoke.............buddy you should have stayed in school.............I guess Leeman Brothers you lost your job when they screwed the entire planet.. Go get a real job einstein

  • Report this Comment On July 04, 2013, at 11:53 PM, shirtbrigade wrote:

    It does seem like there is a circle of hate, haters who do not want BBRY to spoil their investment, whatever that may be. Consider, it stabilized on Wed and the global markets are all up 2-3% in one of the unique rallies of the past couple years. So out come the negative comments. Do they get a chance or do individuals get to say when its over? I think the cash, the solidity of the operating system, the patent estate speak loudly to many chances for BBRY to mount a recovery. Its not "all or nothing" quite yet.

  • Report this Comment On July 05, 2013, at 5:51 AM, Oril wrote:

    You say that blackberry is not a company that you would have your money in. How much allowance do you get in a week, 50. 100 dollars?

    Is that your iPhone that you used to shoot that boring video or does it belong to one of your geeky friends?

  • Report this Comment On July 05, 2013, at 9:27 AM, criticalfool wrote:

    Why didnt you say a loss of 14 cents rather than say just a loss? What a scam article, does not talk about any of the assets, cash of BBRY.

  • Report this Comment On July 05, 2013, at 10:04 AM, dannyboy2013 wrote:

    Lets give BlackBerry stock a chance to bounce back and keep hammering away at these people that write this nonsense. Keep in mind they may be part of "the illegal smear campaign" going on against BlackBerry funded by a certain group of big boys and the focus of the attacks are believed to be Prem Watsa and to hurt him financially as revenge for launching court action against them for doing what they are believed to be doing now to BlackBerry the old "short and distort" tactic.

  • Report this Comment On July 05, 2013, at 11:17 AM, asif1031 wrote:

    sorry, but blackberry isn't going to make it. please everyone, realize that the management is starting to hide material facts... they will stop reporting critical data. this only happens when there is bad news... where are you guys getting 'good' news from? I leave you all with a quote that should be examined.... .. "You must not fool yourself --and you are the easiest person to fool." --Richard Feynman.

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9/30/2016 4:00 PM
BBRY $7.98 Up +0.04 +0.50%
BlackBerry CAPS Rating: *