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UPDATE: BlackBerry Posts Narrower-Than-Expected Q4 Loss

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BlackBerry (NASDAQ: BBRY) posted a narrower-than-expected fourth-quarter loss.

BlackBerry posted a quarterly net loss of $423 million, or $0.80 per share, versus a year-ago profit of $98 million, or $0.19 per share. Its loss from continuing operations came in at $423 million, or $0.80 per share, compared to a year-ago profit of $94 million, or $0.18 per share. BlackBerry's adjusted loss from continuing operations came in at $0.08 per share.

Its revenue slipped 64% to $976 million. However, analysts were estimating a loss of $0.56 per share on revenue of $1.17 billion.

BlackBerry sold around 3.4 million smartphones in the quarter.

BlackBerry shares gained 2.38% to $9.32 in pre-market trading.

Posted-In: lossEarnings News

 

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