OTTAWA BlackBerry reported on Thursday a surprise profit for its latest quarter, when it introduced a line of phones and software to revive its once-dominant cellphone brand. But the company still recorded a net loss of $646 million for the fiscal year.
The financial report provided a mix of positive and worrying news, leaving some analysts without a clear picture of the once powerful, but now struggling, company’s long-term future.
“It is encouraging that they’ve stabilized the company and they’re not bleeding to death,” said Edward Snyder, an analyst with Charter Equity Research. “But they still have a long ways to go.”
The annual loss, which was reduced from an operating loss of $1.2 billion because of tax benefits, compared with net earnings of $1.16 billion a year earlier.
Read also:
BlackBerry posts surprise profit but misses revenue estimates (Washington Post)
BlackBerry Kills It With Impressive Margins And Stellar Z10 Deliveries (Forbes)
BlackBerry Prolongs Its Day of Reckoning (U.S. News & World Report (blog))
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