-=BlackBerry (BB) reported earnings on Fri 22 June 18 (b/o)

BlackBerry beats by $0.03, beats on revs; reaffirms FY19 EPS and billings growth guidance 

• Reports Q1 (May) earnings of $0.03 per share, excluding non-recurring items, $0.03 better thanthe Capital IQ Consensus of ($0.00); Non-GAAP revenues fell 11.1% year/year to $217 mln (GAAP revs $213 mln) vs the $209.56 mln Capital IQ Consensus.
• Total company non-GAAP revenue for the first quarter of fiscal 2019 was $217 million with GAAP revenue of $213 million. Total non-GAAP software and services revenue of $193 million, up 14% year- over-year. Total GAAP software and services revenue was $189 million, up 18% year-over-year.
• BlackBerry's outlook for fiscal 2019 is as follows: Total company software and services billings growth is expected to be double-digits (reaffirmed) Non-GAAP EPS is expected to be positive (reaffirmed) Free cash flow is expected to be positive for the full year, before considering the impact of restructuring and legal proceedings (reaffirmed) Total software and services revenue growth of between 8% to 10% year-over-year (initial guidance).