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TORONTO, March 27 (Reuters) - BlackBerry Ltd posted a fiscal fourth-quarter profit on Friday, offering some signs its turnaround efforts may be beginning to gain traction.
Waterloo, Ontario-based BlackBerry reported a net profit of $28 million, or 5 cents a share, in the quarter ended Feb. 28. That compared with a year-earlier loss of $148 million, or 28 cents a share.
Excluding one-time items, the company quarterly profit was $20 million, or 4 cents a share.
Quarterly revenue, however, slid to $660 million from $793 million.
Reporting by Euan Rocha; Editing by Jeffrey Benkoe