BlackBerry delivered quarterly earnings that topped analysts’ expectations on Friday, but revenue came in lower than expected.
The Canadian-based gadget maker posted
fourth-quarter earnings of 4 cents per share, reversing a loss of 8
cents a share in the year-earlier period.
Revenue fell to $660 million from $976 million a year ago.
Wall Street had expected the company to deliver a
loss of 4 cents per share on $794 million in revenue, according to
consensus estimates from Thomson Reuters.
Shares of BlackBerry rose in premarket trading following the announcement. (Get the latest BlackBerry quote here.)
The embattled company continues to struggle with
plunging sales of its iconic BlackBerry smartphone brand. Earlier this
month, the company revealed a series of new smartphone models, including
both an affordable and luxury option.
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