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UPDATE: BlackBerry Posts FQ2 Loss

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BlackBerry (NASDAQ: BBRY) reported a wider fiscal second-quarter loss.

BlackBerry posted a quarterly loss of $965 million, or $1.84 per share, versus a year-ago loss of $229 million, or $0.44 per share. Its adjusted net loss from continuing operations came in at $0.47 per share.

Its revenue dropped 45% to $1.6 billion from $2.9 billion. However, analysts were expecting a loss of $0.49 per share on revenue of $1.61 billion.

BlackBerry shares rose 0.13% to $7.96 in pre-market trading.

Posted-In: lossEarnings News

 

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