BlackBerry posts $238 million net loss; adjusted loss smaller than expected
Posted Apr 1, 2016 04:00:03 AM.
Last Updated Apr 1, 2016 07:36:06 AM.
This article is more than 5 years old.
BlackBerry reported a US$238 million net loss in its fourth quarter, with much of the red ink attributed to costs related to restructuring and acquisitions.
The loss amounted to 45 cents US per share for the Waterloo-based technology company (TSX:BB).
After adjustments that exclude the restructuring and acquisition costs, the loss was three cents per share _ less than the analyst estimate of 10 cents per share.
Revenue was US$464 million, including a writedown of deferred revenue associated with recent acquisitions and, without that, would have been US$487 million.
The revenue was below an analyst estimate of US$563 million, according to Thomson Reuters.
It had been hoped that BlackBerry would shed some light on sales figures for its Priv phone for the first time but those numbers weren’t included in the company’s press release.
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