Shares of BlackBerry Ltd (NASDAQ:BBRY), inclined 5.53% to $7.16, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 12.44 M as compared to its average daily volume of 7.49 million shares.
The stock, as of recent close, has shown weekly downbeat performance of 16.80% which was maintained at -3.24% in 1-month period.
BlackBerry Ltd (NASDAQ:BBRY) stated financial results for the three months ended August 29, 2015.
Q2 Results
Non-GAAP revenue for the second quarter of fiscal 2016 was $491 million with GAAP revenue of $490 million. GAAP revenue reflects a purchase accounting write down of deferred revenue associated with the acquisition of WatchDox. The revenue breakdown for the quarter was about 15% for software and services, 41% for hardware, and 43% for service access fees (SAF). BlackBerry had 2,400 enterprise customer wins in the quarter. About 60% of the licenses associated with these deals are cross-platform. During the second quarter, the Company recognized hardware revenue on over 800,000 BlackBerry smartphones with an ASP of about $240.
Non-GAAP loss for the second quarter was ($66) million, or ($0.13) per share. GAAP basic net income for the quarter was $51 million, or $0.10 per basic share. Basic GAAP net income comprises the aforementioned purchase accounting impact on GAAP revenue, a non-cash credit associated with the change in the fair value of the debentures of $228 million (the “Q2 Fiscal 2016 Debentures Fair Value Adjustment”), pre-tax charges of $85 million related to restructuring, stock compensation of $14 million, and amortization of attained intangibles of $11 million. The impact of these adjustments on GAAP net income and earnings per share is summarized in a table below.
Total cash, cash equivalents, short-term and long-term investments was $3.35 billion as of August 29, 2015. The cash balance raised $37 million in the second quarter. The company repurchased 6 million shares during the quarter for a total of $47 million. Not Taking Into Account $1.25 billion in the face value of our debt, the net cash balance at the end of the quarter was $2.1 billion. Purchase orders with contract manufacturers totaled about $248 million at the end of the second quarter, contrast to $238 million at the end of the first quarter and down from $344 million in the year ago quarter. Not Taking Into Account the impact of foreign exchange rates, operating cash flow was $110 million with free cash flow (operating cash flow minus capital expenditures) of $100 million.
“I am confident in our strategy and continued progress, highlighted by our fourth successive quarter of year-over-year double digit growth in software licensing revenue and sixth successive quarter of positive free cash flow,” said Executive Chairman and Chief Executive Officer John Chen. “In order to expand our leadership in cross-platform software and services, we are investing plannedally - organically through new products and services based on the BES platform, and through acquisitions like AtHoc and Good.”
“At the same time, we are focused on making faster progress to achieve profitability in our handset business. Recently, I am confirming our plans to launch Priv, an Android device named after BlackBerry’s heritage and core mission of protecting our customers’ privacy. Priv combines the best of BlackBerry security and productivity with the expansive mobile application ecosystem available on the Android platform,” continued Mr. Chen.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
On Wednesday, Shares of Yum! Brands, Inc. (NYSE:YUM), lost -18.88% to $67.67. The stock attained the volume of 36.80 million shares.
The year-to-date (YTD) performance reflected a -5.62% below last year. During the past month the stock loses -17.18%, bringing three-month performance to -22.70% and six-month performance to -13.82%. The stock holds the market capitalization of 29.20B.
Yum Brands Inc’s (YUM.N) disappointing results from restaurants in China counting KFC and Pizza Hut add pressure on Chief Executive Greg Creed to make swift changes to the business that is its main driver of sales and profit, analysts said on Wednesday. According to Reuters
Yum shares sank as much as 19.3 percent on Wednesday, a day after the company shocked investors by cutting its forecasts due to weakness in China. While China’s economy is cooling, Yum administration also blamed internal missteps at its upscale Pizza Hut Casual Dining chain.
“The stock is saying people are giving up on Yum. It will not change until administration changes its strategy,” said Hedgeye Risk Administration analyst Howard Penney. At least six brokerages cut their stock price targets on Yum. Notably, Stifel went to $100 from $110 and Nomura to $82 from $106. Reuters
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division.
Shares of Silver Wheaton Corp. (USA) (NYSE:SLW), declined -0.21% to $14.43, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 8.55 M as compared to its average daily volume of 5.87 million shares.
The stock, as of recent close, has shown weekly upbeat performance of 20.15% which was maintained at 23.54% in 1-month period.
Silver Wheaton Corp. (SLW) (SLW) will release 2015 third quarter results on Tuesday, November 3, 2015, after market close.
A conference call will be held Wednesday, November 4, 2015, starting at 11:00 am (Eastern Time) to discuss these results.
The conference call will be recorded and available until November 11thth, 2015 at 11:59 pm ET.
Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 18 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold regarding27 various mining assets.
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