BlackBerry reports smaller-than-expected adjusted loss

Quarterly revenue dropped to $966 million from $3.07 billion a year earlier

BlackBerry Ltd reported a narrower than expected adjusted loss in June even as revenue fell in the midst of the troubled smartphone maker's turnaround push.

The Waterloo, Ontario-based company reported net income of $23 million, or 4 cents a share, compared with a loss of $84 million, or 16 cents, a year earlier. Excluding a one-time non-cash accounting gain and certain restructuring charges, the loss was $60 million, or 11 cents a share.

Quarterly revenue dropped to $966 million from $3.07 billion a year earlier.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Why the Qatar hacking incident has revived Gulf tensions

Why the Qatar hacking incident has revived Gulf tensions

Analysts say the incident was far more than a security breach...

The cost of cloud seeding in the UAE

The cost of cloud seeding in the UAE

As the country ramps up efforts to increase artificial rainfall...

3
Inside Google's brave new world

Inside Google's brave new world

The $500bn technology giant is extending its reach into hardware...

Most Discussed
sponsoredTracking