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Mobile firm Blackberry registers $28m profit in fourth quarter

  • Blackberry registered a net profit of $28 million for the fourth quarter, exceeding estimates, compared to a $148 million loss posted last year.

    However, revenues for the Canadian mobile phone company dropped from $793 million to $660 million, falling below expectations.

    The firm has registered a surprise profit for the second straight quarter.

    John Chen, Blackberry’s chief executive, said in a statement that the firm had a “very good handle on our margins” and its “product roadmaps” had been well received.  

     

    Tagged as: Blackberry, fourth quarter, Canadian, mobile phone company, revenue, John Chen, business news