Ron Burgundy Posted March 28, 2014 Share Posted March 28, 2014 By Euan Rocha and Allison Martell TORONTO (Reuters) - BlackBerry Ltd reported a smaller-than-expected loss on Friday as new chief executive John Chen slashed costs, but a 64 percent drop in revenue underscored the challenge he faces in turning around the struggling smartphone maker. "John Chen did what John Chen is known for. Shares of BlackBerry, whose global smartphone market share was below 1 percent at the end of 2013, rose in early trading but were down 0.8 percent at $8.97 midday. BlackBerry's Nasdaq-listed shares were trading above $60 in early 2011 but dropped sharply that year, and have not touched above $20 since. View the full article Quote Link to comment Share on other sites More sharing options...
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