Blackberry (BBRY) reported much better-than-expected results before the bell. The company reported a loss of $0.08 a share, versus the $0.55 loss Wall Street was expecting. Revenue came up short and the company's cash position worsened from the previous quarter. Last year, Blackberry abandoned a plan to sell itself. Since that time, the company has focused on cost-cutting and refocusing the business on software and services instead of handsets.
Restoration Hardware (RH) swung to a profit for the fourth quarter and offered upbeat guidance. Earnings per share came in in-line with estimates, while revenue rose 19% year over year, but just missed estimates. The high-end home furniture maker also projected better-than-expected earnings for the current quarter. The company also hired a new chief development officer to focus on international growth and emerging new business.
Amazon (AMZN) reportedly is considering a new streaming-video service that would be supported by ads, rather than being linked to a Prime membership. According to the Wall Street Journal, the company has been in talks with potential partners about the service which could include original and licensed content. An Amazon spokesman told the Journal they have no plans for a free streaming-media service. The company last year spent a reported $1 billion on content and original programming. The report says the service could be available in the coming months.
And Microsoft (MSFT) yesterday unveiled Microsoft Office for iPad. The decision to release the suite of apps - including Word, Excel and PowerPoint - for use on an Apple platform is a significant shift away from Microsoft's long-standing Windows-first policy. Microsoft also plans to make Office available for tablets running Google's Android operating system. CEO Satya Nadella, who took the helm less than two months ago - said that Microsoft's applications and services need to be available wherever consumers want to use them.
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