Toronto - BlackBerry announced an unexpected quarterly
profit on demand for the new touchscreen device that holds the key to its
successful turnaround, but revenue remained far below year-earlier levels.
The smartphone maker said on Thursday that it had sold about
1 million of the new Z10 devices during the fourth quarter ended March 2.
It shipped roughly 6 million smartphones in that period.
Net income in the quarter was $98m, or 19 cents a share,
compared with a year-earlier loss of $125m, or 24 cents a share.
Shares of the Waterloo, Ontario-based company fell 1.1% to
$14.40 in premarket trading after the results were released.
BlackBerry said it believed it would approach break-even
financial results in the first quarter, based on a lower cost base, more
efficient supply chain, and its improved hardware margins.
Analysts on average had been expecting a loss of 10 cents a
share in the first quarter, according to Thomson Reuters I/B/E/S.
Yet the company, which has lost market share to rivals like
Apple, is far from out of the woods. Quarterly revenue fell to $2.68bn from
$4.2bn a year earlier.
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