BlackBerry Transition Struggles As Q1 Earnings Miss
BlackBerry (BBRY) continues to struggle with efforts to rebuild, as its fiscal Q1 earnings posted early Tuesday missed expectations. BlackBerry reported revenue of $658 million, down 32% from the year-earlier quarter and its seventh quarter in a row of double-digit declines. The consensus estimate of analysts polled by Thomson Reuters called for sales of $682.6 million. BlackBerry reported a per-share loss minus items of 5 cents for the quarter