BlackBerry has announced dismal quarterly results, but its new CEO, John Chen, still believes there’s cause for optimism as the company strides into a new future. The firm posted a loss of $4.4 billion, compared with a profit of $9 million in the same quarter last year, on revenue of $1.19 billion. Excluding one-time items, however, the loss was $354 million, or 67 cents a share. The multibillion dollar loss was due to inventory write-downs and asset impairment charges. The company’s share price actually increased 16 percent to $7.26.
Loading ...
BlackBerry CEO Delivers Never-Say-Die Message
Posted by: Kris Holt December 20, 2013 04:07 PMBlackBerry has announced dismal quarterly results, but its new CEO, John Chen, still believes there’s cause for optimism as the company strides into a new future. The firm posted a loss of $4.4 billion, compared with a profit of $9 million in the same quarter last year, on revenue of $1.19 billion. Excluding one-time items, however, the loss was $354 million, or 67 cents a share. The multibillion dollar loss was due to inventory write-downs and asset impairment charges. The company’s share price actually increased 16 percent to $7.26.