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BlackBerry 3rd-quarter revenues top expectations

Published 2015-12-18, 07:28 a/m
© Reuters. BlackBerry 3rd-quarter revenues top expectations
BB
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TORONTO, Dec 18 (Reuters) - BlackBerry Ltd BB.TO BBRY.O
reported a fiscal third-quarter loss as widely anticipated on
Friday, but the company posted its first quarter-to-quarter
revenue gain in over two years, indicating that turnaround
efforts may be gaining traction.
In the quarter ended Nov. 28, the Waterloo, Ontario-based
company reported a loss of $89 million, or 17 cents a share.
That compared with a year ago loss of $148 million, or 28 cents
a share.
Excluding a noncash credit tied to a change in the fair
value of debentures, restructuring charges and other one-time
items, the company posted a loss of $15 million, or 3 cents a
share.
Quarterly revenue fell 31 percent to $548 million from a
year earlier, but rose 12 percent from the prior quarter, after
nine consecutive quarters of declines.
Analysts, on average, expected the company to post a loss of
14 cents a share on revenue of $489 million, according to
Thomson Reuters I/B/E/S.

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