Is This BlackBerry's Last Gasp?
When BlackBerry 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.
In the video below, Fool.com 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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The article Is This BlackBerry's Last Gasp? originally appeared on Fool.com.Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.