Smartphone maker BlackBerry reports $207M Q2 loss
BlackBerry lost 39 cents per share compared with a loss of $965 million or $1.84 per share a year ago
WATERLOO, Ont.—BlackBerry Ltd. has posted a loss of $207 million in its second quarter as it moves ahead with a turnaround effort.
The Waterloo, Ont.-based smartphone company says it lost 39 cents per share compared with a loss of $965 million or $1.84 per share a year ago.
On an adjusted basis the loss was two cents per share.
Analysts had expected a loss of 16 cents per adjusted share, according to a survey by Thomson Reuters.
Sales were $916 million, down from $1.57 billion in the same period last year, as it booked revenues on 2.1 million BlackBerry smartphones in the period.
Earlier this week, BlackBerry launched the Passport, a large-screen version of its smartphones that’s aimed at corporate customers.
Chief executive John Chen says the company’s workforce restructuring is complete and BlackBerry will focus on “judicious investments” as it looks towards the future.