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Published on Sep 28, 2016
Shares
of Blackberry were higher Wednesday after reporting breakeven profit
for the second quarter. Blackberry's breakeven earnings were better than
the loss of 5 cents a share that analysts were expecting. But revenue
of $334 million missed Wall Street's estimates by roughly 60-million
dollars. Blackberry will also outsource the development and design of
its flagship smartphone as part of its software strategy -- which sent
the shares higher despite its sharp drop in revenue. The company also
said Steven Capelli will replace CFO James Yersh, who is leaving the
company for personal reasons. Capelli was previously president of
worldwide field operations at Sybase.
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