Advertising Console

    Earnings News: BlackBerry Limited (NASDAQ: BBRY)

    Repost
    IBTimes

    by IBTimes

    150
    27 views

    BlackBerry reported a huge fiscal second-quarter loss that was short of Wall Street estimates, as the company issued a net loss of $965 million, or $1.84 a share, on revenue of $1.57 billion, compared with a loss of $229 million, or 44 cents a share, on revenue of $2.9 billion for the year-ago period. For the quarter, the smartphone maker lost 47 cents a share excluding items.

    The company canceled its earnings conference call in light of the recent news it intends to be acquired by Fairfax Financial Holdings for $4.7 billion.

     

    Video Credit: Reuters