BlackBerry reports $207M second-quarter loss
Posted Sep 26, 2014 07:28:36 AM.
This article is more than 5 years old.
WATERLOO, Ont. – BlackBerry (TSX:BB) has posted a loss of $207 million in its second quarter as it moves ahead with a turnaround effort.
The Waterloo, Ont.-based smartphone company says it lost 39 cents per share compared with a loss of $965 million or $1.84 per share a year ago.
On an adjusted basis the loss was two cents per share.
Analysts had expected a loss of 16 cents per adjusted share, according to a survey by Thomson Reuters.
Sales were $916 million, down from $1.57 billion in the same period last year, as it booked revenues on 2.1 million BlackBerry smartphones in the period.
Earlier this week, BlackBerry launched the Passport, a large-screen version of its smartphones that’s aimed at corporate customers.
