1 million, power company to unexpected profit
BlackBerry announced an unexpected quarterly profit on demand for the new touchscreen device that holds the key to its successful turnaround, but revenue remained far below year-earlier levels. The smartphone maker said on Thursday that it had sold about 1 million of the new Z10 (Review I Pictures) devices during the fourth quarter ended March 2. It shipped roughly 6 million smartphones in that period. Net income in the quarter was $98 million, or 19 cents a share, compared with a year-earlier loss of $125 million, or 24 cents a share. Shares of the Waterloo, Ontario-based company fell 1.1 percent to $14.40 in premarket trading after the results were released.
