June 23, 2016 / 11:17 AM / a year ago

BlackBerry reports first-quarter slump in revenue, net loss

TORONTO, June 23 (Reuters) - BlackBerry Ltd posted a 35 percent fall in first-quarter revenue and a third straight quarterly loss on Thursday as it paid heavily to restructure its operations and write down the value of some assets.

The Waterloo, Ontario-based company reported a net loss of $670 million, or $1.28 cents a share, on revenue of $424 million. A year ago, it reported a profit of $68 million, or 10 cents a share, on revenue of $658 million. Excluding one-time items, the company posted profit of $14 million, or nil a share. (Reporting by Alastair Sharp; Editing by Jeffrey Benkoe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below