BlackBerry Stumbles on Disappointing Earnings: Ahead of the Ticker
BY Brittany Umar
| 06/28/13 - 10:31 AM EDT
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 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.
The app will be available for a free download in the Xbox Live Marketplace within a couple months.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.
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