Market Overview

UPDATE: BlackBerry Posts FQ2 Loss

Related BBRY
Markets Marginally Lower Ahead Of Earnings Season
Markets Little Changed As The Quarter Comes To An End
IBM Building App Platform for Toyota (Fox Business)

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

 

Most Popular

Related Articles (BBRY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free