The smartphone maker said on Thursday that it had sold about 1 million of the new Z10 (Review I Pictures) devices during the fourth quarter ended March 2. It shipped roughly 6 million smartphones in that period.
Net income in the quarter was $98 million, or 19 cents a share, compared with a year-earlier loss of $125 million, or 24 cents a share.
Shares of the Waterloo, Ontario-based company fell 1.1 percent to $14.40 in premarket trading after the results were released.
BlackBerry said it believed it would approach break-even financial results in the first quarter, based on a lower cost base, more efficient supply chain, and its improved hardware margins.
Analysts on average had been expecting a loss of 10 cents a share in the first quarter, according to Thomson Reuters I/B/E/S.
Yet the company, which has lost market share to rivals like Apple Inc, is far from out of the woods. Quarterly revenue fell to $2.68 billion from $4.2 billion a year earlier.
© Thomson Reuters 2013
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