Surprise! BlackBerry reports a profit for the fourth quarter although revenue comes in below expectations

BlackBerry surprised Wall Street and Main Street by reporting that it earned a profit of $28 million, or 5 cents a share, for the fourth quarter ended February 28th. A year earlier, the company reported a loss of $148 million, or 28 cents a share. Removing one-time items from the bottom line, BlackBerry turned a profit of $20 million, or 4 cents a share. Wall Street expected the company to report a loss of 4 cents a share for the period. The company sold-through 1.6 million handsets during the quarter



BlackBerry CEO John Chen said that the company will now focus on revenue. "Our financial ...