BlackBerry cancels Q2 earnings conference call and webcast
Tomorrow was supposed to the day BlackBerry held a conference call and webcast to discuss its Q2 earnings, but the company has now cancelled this. Complete second quarter financial results will still be released tomorrow (Friday, 27 September) at 7:00am ET, but there will now be no public follow-up immediately afterwards.
More details will be released, however, when the company publishes the Management’s Discussion and Analysis and consolidated financial statements next week.
The cancellation is not entirely surprising and comes after the Canadian company signed a letter of intent agreement with Fairfax Financial Holdings Limited. We already have a pretty good idea of what to expect from tomorrow's announcement as BlackBerry released preliminary second quarter results on Friday.
Despite selling 3.7 million handsets in Q2 of 2013, BlackBerry is still expected to announce GAAP net operating losses of between $950 million and $995 million. It has been a rough time for BlackBerry which also revealed that 4,500 employees would find themselves out of work.
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