BlackBerry turned in its fourth quarter results of a loss of 80 cents a share, but then adjusted that number down to a loss of only eight cents per share. The number managed to beat analyst expectations and caused the stock to move high as a result. BlackBerry tried to emphasize the positives of cost cutting and lower inventory, but consumers are not buying the new BlackBerry 10 phone as much as the old BlackBerry 7 device. Profit breakeven isn’t expected until 2015.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
