iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

The Z10 Helps $BBRY to Beat Estimates

“TORONTO (Reuters) – 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 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…”

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