BlackBerry posts smaller quarterly loss as costs fall

Simon Dawson | Bloomberg | Getty Images

Canada's BlackBerry, reported a smaller quarterly loss on Friday as operating costs nearly halved.

The Waterloo, Ontario-based company's net loss narrowed to $47 million or 10 cents per share in the fourth quarter ended Feb. 28, from $238 million or 45 cents per share, a year earlier.

The smartphone maker-turned-software company said operating expenses fell 49.2 percent to $229 million in the quarter.

Revenue fell 38.3 percent to $286 million.

CNBC

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