BlackBerry reports over $4 billion loss in Q3
Posted Dec 20, 2013 07:27:39 AM.
This article is more than 5 years old.
BlackBerry reports it had a staggering US$4.4-billion net loss from continuing operations in its latest quarter.
The struggling smartphone company’s revenue was below expectations at US$1.2 billion, down 56 per cent in the same quarter last year.
And its adjusted loss from continuing operations was US$354 million, or 67 cents per share _ also 23 cents below analyst estimates.
AUDIO – BlackBerry CEO John Chen on morning conference call
Analysts expected BlackBerry adjusted loss would be 44 cents per share and its revenue would be about $400 million higher at US$1.6 billion.
William Connors, Business Reporter for the Wall Street Journal was a guest on 570’s Gary Doyle show, he chats about what the results. Listen to the full interview here.
