BlackBerry posts quarterly loss on restructuring, acquisition costs

Fri Apr 1, 2016 7:17am EDT
 
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TORONTO, April 1 (Reuters) - BlackBerry posted a fiscal fourth-quarter net loss on Friday, on the back of restructuring and acquisition related costs.

The smartphone industry pioneer reported a net loss of $238 million, or 45 cents a share. That compared with year ago profit of $28 million, or 5 cents a share.

Excluding one-time items, the company posted a loss of $18 million, or 3 cents a share in the current quarter.

(Reporting by Euan Rocha and Alastair Sharp; Editing by Chizu Nomiyama)