By Euan Rocha and Allison Martell TORONTO (Reuters) - BlackBerry Ltd reported a smaller-than-expected loss on Friday as new chief executive John Chen slashed costs, but a 64 percent drop in revenue underscored the challenge Chen faces in turning around the struggling smartphone maker. "John Chen did what John Chen is known for. Shares of BlackBerry, whose share of the global smartphone market was below 1 percent at the end of 2013, rose in early trading but closed down 7.1 percent at $8.41. BlackBerry's Nasdaq-listed shares were trading above $60 in early 2011 but dropped sharply that year, and have not risen above $20 since.
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