BlackBerry shares climb as it posts smaller-than-expected loss

By Euan Rocha and Allison Martell TORONTO (Reuters) - Smartphone maker BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday, prompting investors to push its share price higher, despite its revenue and smartphone sales continuing to slide. The company, whose devices have lost ground to Apple Inc's iPhone and smartphones powered by Google Inc's Android operating system, has been cutting costs as it pushes for a turnaround. Morningstar analyst Brian Colello said operating expense reductions were encouraging, to a point. "The big question still remains what BlackBerry can do on the demand side," he said.

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