BlackBerry Q3 loss less than anticipated, revenue above estimates
Posted Dec 18, 2015 07:00:03 AM.
Last Updated Dec 18, 2015 07:44:22 AM.
This article is more than 5 years old.
WATERLOO, Ont. – BlackBerry (TSX:BB) is reporting higher revenue and a smaller loss than analysts were expecting.
The smartphone company’s revenue was US$557 million, which is $64 million above the general estimate and up from US$548 million a year ago.
The company’s net loss was US$89 million or 17 cents per share under standard accounting rules. After adjustments, BlackBerry’s loss was US$15 million or three cents per share _ far less than estimates.
A survey of analysts by Thomson Reuters projected that BlackBerry would report a loss of 14 cents per share and US$489 million of revenue for the quarter.
BlackBerry chief executive John Chen says the company saw higher revenue across all areas of the company’s focus.
He also says the new Priv device _ the first BlackBerry to use the Android operating system _ has been well received since it was launched in November, late in the company’s third quarter.
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