28 Sep '14, 5pm

BlackBerry posts $207 million loss:

BlackBerry posted a loss of $207 million in the second quarter just days after the embattled company launched a new phone. The Canadian company said Friday it lost two cents per share on an adjusted basis on revenue of $916 million. The loss was smaller than its loss of $965 million a year ago. Analysts surveyed by FactSet had expected a loss of 15 cents on higher sales of $951 million. Chief Executive John Chen unveiled a large-screen, square sized phone called the Passport on Wednesday. But its BlackBerry models have increasingly lost relevance as a smartphone company in the years since the 2007 launch of Apple's touchscreen iPhone and the 2008 introduction of Google-powered Android phones.

Full article: http://www.ecnmag.com/news/2014/09/blackberry-posts-207-m...

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