BLACKBERRY POSTS PROFIT

Mar 28, 2013

By Bob Komsic

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Financial analysts had expected the Waterloo-based company to report a loss in the 4th quarter.

Instead, it reported a profit of $98 million or 19 cents per share for quarter ended March 2, compared with a loss of $125 million or 24 cents per share a year ago.

However, the company’s subscriber base fell to about 76 million from 79 million in the previous quarter, a sign that more people ditched their older BlackBerrys.

The company says it shipped about one million Z10s in the quarter.

Blackberry also announced that co-founder Mike Lazaridis will retire as vice-chairman and director on May 1.

 

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