Correspondent, Toronto, Canada
Alastair's Feed
Jun 19, 2014
Jun 19, 2014
Jun 19, 2014

BlackBerry results top forecasts, fueling recovery hopes

WATERLOO Ontario/TORONTO (Reuters) – BlackBerry Ltd posted a narrower-than-expected loss as the troubled smartphone maker’s turnaround efforts started to pay off, raising hopes its chief executive can deliver on a pledge to return the company to steady profits.

Shares jumped more than 10 percent on Thursday after BlackBerry said it spent less cash than many expected and its gross profit margin rose from a year earlier.

Jun 19, 2014

BlackBerry reports better-than-expected results; shares surge

WATERLOO/TORONTO (Reuters) – BlackBerry Ltd (BBRY.O: Quote, Profile, Research, Stock Buzz) (BB.TO: Quote, Profile, Research, Stock Buzz) reported a smaller-than-expected quarterly loss on Thursday as the smartphone company’s cost cutting and other turnaround efforts started to pay off.

Shares jumped more than 10 percent in early trade after BlackBerry burned through less cash than many expected and its gross profit margin rose from a year earlier.

Jun 18, 2014
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    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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