Reuters
BlackBerry on Friday reported a quarterly loss and
forecast an operating loss in the current quarter as results came in way below
analysts' expectations, sending its shares tumbling 17 percent before the
market opened. The smartphone maker reported a net loss of $84 million,
or 16 cents a share, in the fiscal first quarter ended June 1. That compared
with a year-earlier loss of $518 million, or 99 cents a share.
Reuters reports that excluding one-time items, Waterloo,
Ontario-based BlackBerry reported a loss from continuing operations of $67
million, or 13 cents a share, on revenue of $3.1 billion. Analysts, on average,
expected earnings of 6 cents a share, on revenue of $3.36 billion, according to
Thomson Reuters I/B/E/S Estimates.
Shipments rose in the quarter, but the company gave no
breakdown on how many of its smartphone sales came from the new BB10 devices.
It is betting the new phones will help it win back some of the market share
lost to aggressive competitors.
BlackBerry shares fell 17.2 percent to $11.98 in early
U.S. trading.
No comments:
Post a Comment