Shares of BlackBerry soared 9% on good quarterly results


Moscow. December 18. Canadian BlackBerry, the smartphone manufacturer of the same name, has reduced net loss in the third quarter of fiscal 2015 more than the market had expected, despite the decrease in revenue. Thanks to better-than-expected reporting shares of BlackBerry are rising by 9% in the previous auction in new York on Friday.

As stated in the press release, its net loss in the third Fincastle ended November 28, were $89 million, or 17 cents per share, compared with a loss of $148 million, or 28 cents a share, recorded in the same period a year earlier.

Excluding one-off factors the BlackBerry loss amounted to 3 cents per share, while analysts polled by FactSet, expected this indicator at level of 15 cents per share.

The company’s revenue fell to $548 million and c $793 million against the expected decrease to $489 million Adjusted revenue from sales and services has grown almost threefold – from $54 million to $161.5 million

For the current fiscal year ending in March 2016, BlackBerry has set a goal to increase revenue BY up to $500 million to offset the reduction in revenues from sales of mobile phones.

Blackberry has also announced that it has managed to attract 2713 corporate clients in the last quarter.

The company’s shares fell this year by 29%.