BlackBerry reports $11 million Q2 loss, but crushes Wall Street’s estimates

%name BlackBerry reports $11 million Q2 loss, but crushes Wall Street’s estimates by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

BlackBerry on Friday reported earnings for the fiscal second quarter of 2015, crushing Wall Street’s estimates and sending the stock soaring in pre-market trading on Friday. The struggling mobile pioneer couldn’t quite swing to a profit in the second quarter, posting a loss of $11 million, or $0.02 per share. Wall Street had expected a much larger loss of $0.16 per share, however, and BlackBerry’s stock shot up more than 8% as a result.

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Posted in Mobile.