WATERLOO, Ontario (AP) — WATERLOO, Ontario (AP) — BlackBerry Ltd. (BB) on Wednesday reported a loss of $56 million in its fiscal fourth quarter.
The Waterloo, Ontario-based company said it had a loss of 10 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to 3 cents per share.
The cybersecurity software and services company posted revenue of $173 million in the period.
For the year, the company reported that its loss narrowed to $130 million, or 22 cents per share. Revenue was reported as $853 million.
For the current quarter ending in May, BlackBerry expects its results to range from a loss of 6 cents per share to a loss of 4 cents per share.
The company said it expects revenue in the range of $130 million to $138 million for the fiscal first quarter.
BlackBerry expects full-year results to range from a loss of 7 cents per share to a loss of 3 cents per share, with revenue ranging from $586 million to $616 million.
In the final minutes of trading on Wednesday, the company’s shares hit $2.81. A year ago, they were trading at $4.53.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BB at https://www.zacks.com/ap/BB
Jessica Roberts is a seasoned business writer who deciphers the intricacies of the corporate world. With a focus on finance and entrepreneurship, she provides readers with valuable insights into market trends, startup innovations, and economic developments.
