This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BlackBerry Stumbles on Disappointing Earnings: Ahead of the Ticker

NEW YORK (TheStreet) -- Shares of BlackBerry (BBRY) plunged Friday morning after reporting disappointing first-quarter earnings.

The stock is down 27% to $10.52 in trading Friday morning.

The smartphone maker reported a loss from continuing operations of $67 million, or 13 cents a share, excluding items, on revenue of $3.1 billion. The results came in below analysts' expectations of a profit of 6 cents a share on revenue of $3.36 billion, according to Thomson Reuters.

The three months through June 1 marked the first quarter that included sales of the new BlackBerry 10. The company reported shipments of 6.8 million total smartphones during the period, 2.7 million of which were BlackBerry 10 devices. Analysts widely estimated about a million more BB10 device shipments.

The BlackBerry 10 operating system launched in January on the touchscreen Z10, followed by the Q10 in April, though it didn't hit the U.S. until June.






Google (GOOG) is said to be developing an Android video game console.

According to a report in The Wall Street Journal, Google is working on the console as well as a wristwatch, both of which could be available as soon as this fall.

The report comes as rumors circulate about Apple's (AAPL) plans for a new-generation Apple TV box and its own smartwatch.

The Journal also reported that Google is working on expanding its hardware offerings and has plans for a new version of a Nexus Q music-streaming device. Google revealed the Nexus Q in June 2012, but never brought it to market.






Time Warner Cable (TWC) announced an agreement with Microsoft (MSFT) that will bring its TV app to the Xbox 360 video game system.

Through the agreement, Time Warner Cable subscribers who are also Xbox Live Gold members can download the app onto the Xbox 360. Customers will be able to watch up to 300 live TV channels right away.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,932.86 -27.71 -0.16%
S&P 500 1,973.28 -5.06 -0.26%
NASDAQ 4,430.4010 -19.1630 -0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs