After a bumpy lead-up to the launch of its Z10 handset, BlackBerry surprised Wall Street on Thursday by reporting a profit for its fourth quarter ending March 2. That wasn’t enough to offset its accumulation of losses, though; it reported a net loss of $628 million for the entire fiscal year. It posted fourth-quarter revenue of $2.7 billion, and GAAP income of $94 million, or 18 cents per share. Analysts had expected the company to actually be in the red, down by as much as 29 cents per share.
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BlackBerry's Q4 Black Ink Bewilders Wall Street
Posted by: Peter Suciu March 28, 2013 01:24 PMAfter a bumpy lead-up to the launch of its Z10 handset, BlackBerry surprised Wall Street on Thursday by reporting a profit for its fourth quarter ending March 2. That wasn’t enough to offset its accumulation of losses, though; it reported a net loss of $628 million for the entire fiscal year. It posted fourth-quarter revenue of $2.7 billion, and GAAP income of $94 million, or 18 cents per share. Analysts had expected the company to actually be in the red, down by as much as 29 cents per share.