BlackBerry has focused on its software portfolio with a number of recent acquisitions and is betting on its offerings for the healthcare and automotive industries to fuel growth.
BlackBerry reported a profit of US$671 million, or US$1.23 per share, for the first quarter ended May 31, compared with a loss of US$670 million, or US$1.28 per share, a year earlier.
Revenue fell to $235-million from $400-million. On an adjusted basis, the company reported revenue of $244 million.
Philippine troops evict Muslim rebel raiders from village
Fighting to date has killed 369 people, including 276 suspected terrorists, the Manila Times reported Thursday. Carmalia has been told the army is close to clearing the militants from the area around her home, she said.
Excluding items, the company earned 2 cents per share.
BlackBerry's shares rose about 50 per cent from roughly $10 in April to a 52-week high of $15.82 on June 1 at the Toronto Stock Exchange.
Citron also projected BlackBerry's shares were likely to reach US$20 on the Nasdaq within 24 months, echoing a Macquarie Research analyst's report from mid-May that said the company's shares could jump to US$45 by 2020.
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