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The
company also said Chief Financial Officer James Yersh would
leave effective Oct. 1 for personal reasons. It announced former
Sybase executive Steven Capelli as his successor.
Shares of Waterloo, Ontario-based BlackBerry moved higher
following the news.
The net loss came to $372 million, or 71 cents a share, on
revenue of $334 million, as the company booked $147 million in
charges from its reorganization.
A year ago, it reported a profit of $51 million, or 24 cents a
share, on revenue of $490 million.
Excluding one-time items, the company said it said broke even.
On that basis, analysts had on average expected an adjusted loss
of 5 cents a share on revenue of $393.75 million, according to
Thomson Reuters I/B/E/S.
The company raised its adjusted earnings outlook for the year to
a range of breakeven to a 5-cent loss, compared with an earlier
forecast of a 15 cent loss, after refinancing its debt and as
margins improved.
The company's shares rose 6.7 percent to $8.35 in premarket
trading.
(Reporting by Alastair Sharp and Allison Martell; Editing by
Lisa Von Ahn)
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