December 19, 2014 / 1:47 PM / 3 years ago

BUZZ-BlackBerry Ltd: Slide as revenue misses estimates

1 Min Read

** Canadian smartphone maker's U.S.-listed shares down 7 pct at $9.35 premarket

** Third-quarter revenue falls to $793 mln from $1.19 bln, falling short of analysts' average expectation of $931.5 mln

** "Revenue missed consensus by a sizable amount, which is especially troubling because it included one month of new BlackBerry Passport sales," says Morningstar

** "Revenue number this quarter is not satisfying", CEO John Chen says

** Reports small adjusted profit and returns to positive cash flow

** Up to Thursday's close, U.S.-listed stock had risen 35 pct this year; Canadian shares up nearly 48 pct

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