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More about Blackberry, Business, Gadgets, and Mobile
from MashableSeth Fiegerman
BlackBerry is back in the black, but despite numerous attempts at reinvention, the company is still flailing.
The smartphone maker surprised Wall Street by posting a profit of $28 million or $0.05 per share, meeting the expectations of analysts polled by Thomson Reuters. That was enough to help send BlackBerry shares up about 3% in early trading on Friday.
Yet BlackBerry's profit is not a clear business victory. The company's sales continue to slump badly and it did well by cutting costs. The company reported revenue of $660 million for the quarter, well below analyst estimates for revenue of $786 million and down about a third from the $976 million it reported in the same quarter a year earlier Read more...
More about Blackberry, Business, Gadgets, and Mobile
from MashableSeth Fiegerman
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