{"id":215067,"date":"2021-03-31T00:27:00","date_gmt":"2021-03-30T21:27:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blackberry-stock-falls-as-revenue-comes-up-short-adjusted-or-not\/"},"modified":"2021-03-31T00:27:00","modified_gmt":"2021-03-30T21:27:00","slug":"blackberry-stock-falls-as-revenue-comes-up-short-adjusted-or-not","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blackberry-stock-falls-as-revenue-comes-up-short-adjusted-or-not\/","title":{"rendered":"#\n  BlackBerry stock falls as revenue comes up short, adjusted or not"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a401c9a849fc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a401c9a849fc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/blackberry-stock-falls-as-revenue-comes-up-short-adjusted-or-not\/#Sales_fall_short_in_report_that_is_expected_to_be_the_end_of_companys_non-GAAP_sales-reporting_practices_that_SEC_questioned\" >Sales fall short in report that is expected to be the end of company\u2019s non-GAAP sales-reporting practices that SEC questioned<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/blackberry-stock-falls-as-revenue-comes-up-short-adjusted-or-not\/#Jeremy_C_Owens\" >Jeremy C. Owens<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  BlackBerry stock falls as revenue comes up short, adjusted or not<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Sales_fall_short_in_report_that_is_expected_to_be_the_end_of_companys_non-GAAP_sales-reporting_practices_that_SEC_questioned\"><\/span>\n  Sales fall short in report that is expected to be the end of company\u2019s non-GAAP sales-reporting practices that SEC questioned<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000215734\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       BlackBerry Ltd. revenue failed to live up to expectations Tuesday, whether adjusted or not, and shares fell in the extended session.<\/p>\n<p> BlackBerry<br \/>\n        BB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202784246\/composite\" class=\"positive\">+1.52%<\/bg-quote><br \/>\n       on Tuesday afternoon reported fourth-quarter losses of $315 million, or 56 cents a share, after posting losses of 7 cents a share a year ago. After adjusting the changed value of convertible debt added more than $250 million to the bottom line, the Canadian tech company reported earnings of 3 cents a share, down from adjusted earnings of 9 cents a share a year ago. <\/p>\n<div class=\"paywall\">\n       Revenue for the fourth quarter was $210 million, down from $282 million in the same period last year. Analysts on average expected adjusted earnings of 3 cents a share on sales of $245 million.<\/p>\n<p>BlackBerry reported adjusted revenue of $215 million, part of a practice of reporting non-GAAP revenue, or revenue that does not conform with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a>ly Accepted Accounting Principles, that started in 2019. The company recently told the Securities and Exchange Commission it would halt that practice, which MarketWatch detailed beginning in 2019 as being against SEC rules, in the current fiscal year.<\/p>\n<p>While BlackBerry is widely known for its early mobile phones that included physical keyboards, it has transitioned into a software company focused on cybersecurity and automotive markets. The company\u2019s stock became popular late last year, pushing prices to a five-year high, a dynamic that was largely responsible for the fair-value adjustment that boosted adjusted earnings.<\/p>\n<p>For BlackBerry\u2019s full fiscal year of 2020, which concluded at the end of February, the company reported adjusted earnings of 18 cents a share on GAAP sales of $893 million. BlackBerry did not provide a 2021 forecast in its announcement, but is expected to provide projections in a conference call scheduled to begin at 5:30 p.m. Eastern.<\/p>\n<p>Shares fell 4% in after-hours trading Tuesday im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely following the release of the results, after closing the regular session with a 1.5% gain at $9.34. The stock has more than doubled in the past year, gaining 138.9% as the S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.32%<\/bg-quote><br \/>\n       has increased 51.2%.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jeremy C. Owens\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jeremy_C_Owens\"><\/span>Jeremy C. Owens<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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BlackBerry&#8230;<\/p>\n","protected":false},"author":1,"featured_media":215068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-215067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/215067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=215067"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/215067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/215068"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=215067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=215067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=215067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}