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Blackberry Reports Fiscal Fourth-Quarter Profit


Ron Burgundy
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Blackberry's Chief Executive Chen gestures during a news conference at the Mobile World Congress in BarcelonaTORONTO (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)




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