BlackBerry’s Software Growth Takes Hold as Smartphone Sales Fall
Blackberry Turnaround Stumbles on Profit Shortfall
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BlackBerry Ltd.’s renewed focus on software is beginning to take hold even as smartphone sales keep falling.
The first-quarter loss excluding certain items narrowed to 5 cents a share in the period that ended May 30 from 11 cents a year earlier, the Waterloo, Ontario-based company said Tuesday in a statement. Analysts predicted a loss of 4 cents, the average of analysts’ estimates compiled by Bloomberg.