Reuters: Technology News: BlackBerry reports deep loss, revenue drop, as warned

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BlackBerry reports deep loss, revenue drop, as warned Sep 27th 2013, 11:46 Tweet Share this Email Print Passers-by walk in front of a BlackBerry service centre in Jakarta September 25, 2013. Credit: Reuters/Beawiharta Fri Sep 27, 2013 7:14am EDT (Reuters) - BlackBerry Ltd reported a huge quarterly loss on Friday, days after accepting its largest shareholder's tentative $4.7 billion bid to take it out of the public eye. BlackBerry, which had warned of the loss, said its net loss for the second quarter was $965 million, or $1.84 a share, on sharply reduced revenue of $1.6 billion. The loss included a pretax non-cash charge against inventory and supply commitments of about $934 million. (Reporting by Allison Martell and Alastair Sharp; Editing by Jeffrey Hodgson and Gerald E. McCormick) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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