shares were up slightly at $6.79 in premarket trade as it said
it expected to post an adjusted annual loss of around 15 cents,
smaller than the loss expected by analysts.
The Waterloo, Ontario-based company reported a net loss of $670
million, or $1.28 cents a share, as it ran up costs to
restructure operations and wrote down the value of some assets.
It said adjusted revenue was $424 million.
A year ago, it reported a profit of $68 million, or 10 cents a
share. Excluding one-time items, the company posted profit of
$14 million, or nil per share.
Analysts, on average, expected the smartphone industry pioneer
to post a loss of 7 cents a share on revenue of $470.4 million,
according to Thomson Reuters I/B/E/S.
BlackBerry said the net loss reflected a $501 million impairment
charge, a $57 million goodwill impairment charge, and a $41
million writedown of inventory and other charges.
(Reporting by Alastair Sharp, Allison Martell and Matt Scuffham
in Toronto; Editing by Jeffrey Benkoe)
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