BlackBerry posted a bigger-than-expected fall in first-quarter revenue , but forecast full-year results above market expectations.
The Canadian company reported a net loss of US$670 million, or $1.28 cents a share, as it ran up costs to restructure its operations and wrote down the value of some assets.
It said adjusted revenue was $424m.
A year ago, it reported a profit of $68m, or 10 cents a share. Excluding one-time items, the company posted profit of $14m.
Analysts, on average, had expected the smartphone industry pioneer to post a loss of 7 cents a share on revenue of $470.4m.
BlackBerry said the net loss reflected a $501m impairment charge, a $57m goodwill impairment charge and a $41m writedown of inventory and other charges.
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