WATERLOO, Ontario (AP) -- BlackBerry Ltd. (BBRY) on Friday reported a loss of $89 million in its fiscal third quarter.
The Waterloo, Ontario-based company said it had a loss of 17 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 3 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The smartphone company posted revenue of $548 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $485.2 million.
BlackBerry shares have dropped 29 percent since the beginning of the year. The stock has fallen 22 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBRY at http://www.zacks.com/ap/BBRY
Keywords: BlackBerry, Earnings Report