JJ Kinahan: BlackBerry Ltd Post-Earnings Move About 8%

BlackBerry Ltd's

post-earnings stock price movement may be about 8 percent, TD Ameritrade Chief Strategist JJ Kinahan told Benzinga Monday. "We've seen the July 10 calls, there was a seller and we've seen three times call the normal call activity today," according to Kinahan, who said the possible post-earnings move is suggested by options trading activity. The Waterloo, Ontario-based company's shares are down about 4.3 percent during the past three months, and changed hands recently at $9.11, up $0.20 cents. BlackBerry is slated to post first-quarter earnings on Tuesday morning, a few hours before it holds its annual shareholders meeting. Wall Street analysts on average expect BlackBerry to post an adjusted quarterly loss of $0.03 cents a share, on revenue of $683.65 million. In the year-earlier first quarter, BlackBerry posted adjusted income of $0.11 cents a share, on revenue of $966 million. http://us.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2015/Q1_FY2015_Press_Release.pdf BlackBerry has beaten Wall Street's quarterly expectations by significant margins in each of the past four quarters. The company is expected to post the first significant sales in the quarter of its recently launched Classic device. But BlackBerry is aiming to deemphasize hardware sales in favor of a focus on software. It aims to double revenue from the segment to $500 million in 2016. Analysts in general expect to be disappointed by the quarterly results, according to the Globe & Mail of Toronto. http://www.theglobeandmail.com/report-on-business/analysts-warn-blackberrys-first-quarter-earnings-will-disappoint/article25050057/ "How much disappointment is the only question," the newspaper said.