BlackBerry reports Q1 net loss

Posted online June 23, 2016 | 11:41 am

BlackBerry reported a fiscal first-quarter net loss of $670 million, or $1.28 a share.

Expenses included an asset impairment charge of $501 million, a $57 million goodwill impairment charge and a $41 million inventory charge.

Revenue totaled $400 million, below the $471 million analysts expected.

Read more from Dow Jones Newswires.

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