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Don't count BlackBerry out just yet. The beleaguered company had a decent second quarter, beating analysts' estimates for earnings, though its revenues came in a bit lower than expected.
Analysts had expected the company to post a loss of $0.16 a share. Instead, the loss was $0.02 cents a share, or $11 million. Revenues for the quarter came in at $916 million versus the expected $950 million
“We delivered a solid quarter against our key operational metrics, and we are confident that we will achieve breakeven cash flow by the end of FY15,” said John Chen, BlackBerry's CEO, in a press release. “Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security." Read more...
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