Blackberry posts profit

Blackberry has posted better-than-expected fourth-quarter earnings, but its revenues showed a larger-than-expected drop, SIA informs citing the BBC.

It reported net profit of $28m (£18.8m), against a loss of $148m a year earlier.

It was the second quarter running the company had posted a surprise profit.

However, revenue slid to $660m from $793m, below analysts' expectations. For the year, Blackberry reported that its loss had narrowed to $304m.

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