BlackBerry shoots 16% despite prejuÃzos. According to Foxconn boosts ACA § Clipart
The company pioneered â? Œsmartphonesâ?? reported prejuÃzos of 4400 millions of dollars in the third quarter. Still, ACA § Clipart negotiate driven by a Estrata Agreement © cal five years with Foxconn for the emerging market.
Shares of BlackBerry are progressing 13.19% to $ 7.55 (EUR 5.52) and reached 16.34% rise to $ 7.76, setting a maximum of 1 November. The listed showed disappointing results this morning, but realized an agreement with which to strengthen its presence in the emerging market.
Technological reported a quarterly loss of 4.4 billion dollars in the period ended November 30, surpassing analysts’ estimates and the loss of 965 million that was recorded in the second quarter. The accumulated loss for the year is 5.45 billion dollars.
The loss per share was $ 8.37 per share, surpassing the value at which the securities are traded technological headquartered in Ontario, Canada. A development which analysts associate the agreement with Foxconn announced simultaneously with the results.
“I do not think it is surprising that revenue, operating margin and the business continues to deteriorate,” said Brian Colello Morningstar Reuters. I think the main question is, what is the story of restructuring at the moment? They may have different assets and run the company in different directions, “he added.
Together with the results, the company led by John Chen announced a partnership with Chinese mobile manufacturer Foxconn. The agreement with the giant industrial production that has Apple in its client list aims to provide mobile phones to Indonesia and other emerging markets in early 2014.
recipes BlackBerry were also below estimates and that was in the previous quarter. The selling 4.3 million phones generated revenues of 1.2 billion dollars, an amount that was below the revenue estimates pointing to 1.6 billion dollars. The previous three months, sales were 2.73 billion.
However, one of the data more negative surprise was the fact that, among the 4.3 million phones sold, 3.2 being the BlackBerry 7 model. Numbers signaled that the two models BlackBerry 10 (Q10 and Z10), wherein the mark to bet reversing the decline is to have a poor reception on the market.
Despite the decline as the business has crossed the BlackBerry, the company saw the value of their reserves increase from 2.6 to 3.2 billion dollars. This increase contributed to issue billions of dollars in bonds convertible into shares, sold last month.
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