BlackBerry Inc. released shocking result with net loss for its fiscal first quarter, as smart phone deliveries came in below Wall Street’s predictions, though the organization linked part of the revenue and net loss miss to “Venezuela Forex limitations.”
Total income was $3.1 billion dollars, up from $2.8 billion dollars in the same period last year. Adjusted net reduction came in at $67 thousand, or 13 cents per share. Analyst expectation was 7 cents per share profit, $3.4 Bn Revenue and average projection of 3.3 million BB10 smartphone shipments.
BlackBerry blamed Forex limitations which impacted modified results negatively by about 10 cents per share, and negatively impacted service revenue by $72 million.
