BlackBerry Passport Sales Aid Profit Quest as Loss Slims
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BlackBerry Ltd.’s turnaround is gaining momentum, after demand for Chief Executive Officer John Chen’s first major new device outstripped supply and the company reported a smaller loss than estimated.
BlackBerry’s net loss narrowed to 2 cents a share, excluding one-time items, in the fiscal second quarter that ended Aug. 30, the company said today in a statement. That’s better than the 16-cent deficit projected by analysts.