BlackBerry Limited (BB)

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BlackBerry posts earnings of 4 cents a share vs. 4 cent loss expected
Reem Nasr | @reemanasr
7 Mins AgoCNBC.com


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.

Read More BlackBerry goes cross-platform as it unveils new devices

BlackBerry shares have remained mostly unchanged over the past 12 months, dipping about half a percent.
Reem NasrNews Associate