National

Blackberry Meets With Shareholders At Annual Meeting, 1 Day Before Earnings Release

The Canadian Press, 22 Jun, 2016 11:06 AM

WATERLOO, Ont. — BlackBerry is holding its annual general meeting in Waterloo, Ont., this morning, with top executives likely to face questions on the future of its hardware business.

The one-time smartphone leader, which reports its fiscal 2017 first quarter results on Thursday, has been struggling in recent years and its first Android-powered phone, the Priv, has so far failed to boost sales.

The company's software and services operations, on the other hand, have performed better, with revenue in the category jumping 106 per cent last quarter compared with the same quarter the previous year.

Meanwhile, analysts are expecting the company to post another loss in its latest quarter, which ended May 31.

Sixteen analysts surveyed by Thomson Reuters estimated on average that BlackBerry, which reports in U.S. currency, will likely report a loss of US$27 million or seven U.S. cents a share for the quarter.

That comes on top of a US$238-million net loss in its fourth quarter, mostly due to restructuring and acquisition costs.

Prev Next

MORE National ARTICLES

Low Loonie Shifting Canadian Travel From U.S. To Other Global Destinations

Canadian travel to the United States hit a six-year low this winter as a weak loonie and lower airfares prompted more residents to visit other international destinations.

Low Loonie Shifting Canadian Travel From U.S. To Other Global Destinations

PM Insists Bill Needs To Pass By June 6, Paul Martin And Bob Rae Don't Agree

WINNIPEG — Prime Minister Justin Trudeau is keeping up the pressure on parliamentarians to pass his government's controversial legislation on assisted dying by June 6.

PM Insists Bill Needs To Pass By June 6, Paul Martin And Bob Rae Don't Agree

Conservatives Considering Leadership Bid Take Stock At Party's Convention

VANCOUVER — As former Tory cabinet minister Peter MacKay stood at the entrance to his party's policy convention in Vancouver on Saturday, a fellow party member ambled past.

Conservatives Considering Leadership Bid Take Stock At Party's Convention

GPS Collars To Provide Data On B.C. Bears Saved From Death After Their Mom Died

VANCOUVER — Two orphaned black bears whose lives were spared when a conservation officer refused to kill them are being prepared for release as early as mid-June after nearly a year of rehabilitation at a Vancouver Island facility.

GPS Collars To Provide Data On B.C. Bears Saved From Death After Their Mom Died

Justin Trudeau Urges Liberal Delegates To Replace 'Outdated' Party Constitution

The prime minister made his remarks supporting the change during his speech at the Liberal's policy convention in Winnipeg.

Justin Trudeau Urges Liberal Delegates To Replace 'Outdated' Party Constitution

Almost All South Asian Grandparent Live With Grandchildren In A Multigenerational Home

South Asian grandparents are eight times as likely to live with their grandchildren as grandparents of some other ethnic groups in Canada, including Japanese and Caucasians, according to Statistics Canada data.