Why a BlackBerry Ltd loss may be overshadowed by software business

Investors will be eager to hear how BlackBerry Ltd.'s is progressing toward its US$500-million software revenue target for fiscal 2016

BlackBerry Ltd. is expected to dip back to losing territory if this reports earnings on Friday, because it continues its remake itself into a company mobility management company.

RBC Capital Markets analyst Mark Sue is forecasting sales of US$661-million, a 17% quarterly decline or 32% lower on an annual basis, well below analysts\’ average estimate of US$802-million. His EPS forecast for a 7 loss can also be higher than the typical 4 loss projected by analysts.

He expects revenues is going to be affected by declines operating access fees and because several new devices were launched midway through the quarter.


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