Blackberry
has reported a $670m (£450m) net loss in the last three months, almost triple
the loss it made in the previous quarter.
The fall was
due to restructuring costs and a write-down of some assets.
Without
one-off costs, the Canadian mobile phone company posted a $14m profit.
Despite the
hit, Blackberry shares gained in early trading as it said losses for the whole
year would be lower than expected.
Chief
executive John Chen said greater efficiency and strong growth in software and
services would trim its losses.
He said
losses would be around 15 cents per share, compared with analysts' forecasts of
33 cents per share.
"They
have not put figures behind some of their forecasts in quite some time, and
hopefully that speaks to improved visibility into the business," said
Morningstar analyst Brian Colello.
Blackberry
is moving away from smartphone sales - in which it has less than 1% of the
global market - and towards the device software used by companies and
governments.
The company
said sales of its handsets, which had an average selling price of $290, were
below projections in the quarter.
Total
revenue across the business dropped 14% to $400m in the three months to the end
of May.
Credit:BBC
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