Earnings News: BlackBerry Limited (NASDAQ: BBRY)

Category: Markets / Finance / Sep 27, 2013 12:53PM EDT

BlackBerry reported a huge fiscal second-quarter loss that was short of Wall Street estimates, as the company issued a net loss of $965 million, or $1.84 a share, on revenue of $1.57 billion, compared with a loss of $229 million, or 44 cents a share, on revenue of $2.9 billion for the year-ago period. For the quarter, the smartphone maker lost 47 cents a share excluding items.

The company canceled its earnings conference call in light of the recent news it intends to be acquired by Fairfax Financial Holdings for $4.7 billion.


Video Credit: Reuters