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U.S. Morning Call: BlackBerry reports surprise profit

Thursday, March 28, 2013 - 04:07

Mar 28 - BlackBerry announced an unexpected quarterly profit on demand for its new Z10, but revenue remained far below year-earlier levels.

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Morning call on Thursday it changed its name can't change its -- we're talking about Blackberry. According to start my Blackberry may report smaller than expected loss beating estimates by over 4%. Most analysts recommend pulling the stock -- mean price target 1149. Blackberry trading above that this morning. Today's numbers will provide the first glimpse into disease -- sales but don't place too much importance on Matt. But -- only has a month's worth of sales report from the UK Canada and other key matchup will be subscriber numbers it lost one million users last corner. Compare blackberries US market share to the top tier Smartphone makers and things don't look even worse. Blackberry doesn't rank as one of the top five. Moving on to markets US stock futures -- to a slightly higher start taking their cue from European stocks has banks get back to business in Cyprus after almost two weeks. On the macro front we've got the final read on fourth quarter GDP IFR expects that number to be revised up again this time about positive point 5%. Making it the second weakest quarter of the country. And for the commodities crowd out there pay attention to gold backed ETS they are set for their biggest quarterly drop since inception as investors feel bullish about the economy. New York's spdr gold trust the largest ET -- this kind is down 12% this year. Analysts say more state outflows could spell further downside for gold prices. In our stocks to watch we've got some companies reporting results this morning first up GameStop. The world's largest game retailer expected to post lower revenue in the fourth quarter. GameStop survival has been its state with the popularity of console based games declining in an increasingly web based gaming world. Mosaic out with results just moments ago the fertilizer giant posting a 26%. Rise in third quarter profit. Driven by higher potash and phosphate volumes -- if you look at the stocks of mosaic and rival company potash over the past two years. Shares of slipped on supply -- and higher production costs. And finally we've got to CEO to watch out for Aniston to be ex CEO. -- exclusively reporting that Chesapeake Energy won't have a new chief by the April 1 deadline. The company will extend its search to replace disgraced CEO Aubrey McClendon who is expected to step down on Monday. A couple of stories from the Telecom sector starting with the Reuters exclusive. Clearwire plans to notify sprint today that it will happen other eighty million bucks of financing in April as part of its deal. Clearwire -- on money for the first time in March while still saying it would keep talking to -- Moving on to MetroPCS. Proxy firm ISS joining the fight against a merger with team oil. TT mobile sees me saying the deal undervalues MetroPCS. And shareholders should vote against it. Activist investors -- 12% stake in the company and are campaigning for others to help vote down the deal. MetroPCS shares have -- some 14% since the merger was first announced. Why Lee if you decide to -- from Wal-Mart dot com a year from now you might find your neighbors at your door puzzle. In another Reuters exclusive wal -- considering a radical plan to have store customers. Customers deliver packages to online buyers. A new practice that brings crowd sourcing to retail delivery. Wal-Mart making a big push to ship online orders directly from stores. Company cut costs and gain an edge over Amazon. Executives are in the early planning phase but say crowd sourcing is possible in a year -- two. I like my neighbors I may decide to buy my next big screen TV in store thank you very much. That's all through Thursday morning call follow us on Twitter at Reuters Insider get more Reuters videos and Reuters dot com slash writers TV. I'm Lisa --

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U.S. Morning Call: BlackBerry reports surprise profit

Thursday, March 28, 2013 - 04:07