Getting your player ready...
Shares of BlackBerry plunged Friday after the company posted an unexpected quarterly loss and didn’t break out the specifics of its smartphone sales.
The Canadian company reported a loss of $84 million, or 16 cents, on revenue of $3.1 billion. Adjusted for one-time events, BlackBerry lost $67 million, or 13 cents.
Analysts had expected an adjusted profit of 7.6 cents a share on revenue of $3.37 billion, according to consensus estimates by Bloomberg.
BlackBerry shares fell almost 28 percent to $10.46.
“I can’t imagine anyone is happy with BlackBerry performance except maybe BlackBerry competitors,” technology industry analyst Jeff Kagan said.
