/// BlackBerry Reports Massive $4.4 Billion Quarterly Loss, Inks a Deal With Foxconn

December 20, 2013  |  All Things Digital


BlackBerry, the troubled Canadian smartphone company, just reported its quarterly results and, well, let’s just say its troubles aren’t getting any smaller. Its loss, on a GAAP basis, came out to $4.4 billion on revenue of $1.2 billion. That works out to a per-share loss of $8.37. The loss was the result of a huge $2.7 billion charge against assets, and another $266 million restructuring charge. After backing out those charges, the company lost $354 million, or 67 cents a share. It exited the quarter with $3.2 billion in combined cash and short-term investments. Sales fell by 56 percent compared to the year-ago quarter

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BlackBerry Reports Massive $4.4 Billion Quarterly Loss, Inks a Deal With Foxconn


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