BlackBerry surprises with Q4 profit though sub numbers drop

03/28/2013 | CNET · Bloomberg

BlackBerry surprised Wall Street today by reporting adjusted earnings per share of $0.22, although the company's fourth-quarter sales fell short of estimates and subscribers declined by 3 million to 76 million. The company said it sold 6 million smartphones, including 1 million Z10 handsets in overseas markets prior to last week's U.S. market launch. BlackBerry cited significant cost-cutting as a major factor in the turnaround. CEO Thorsten Heins said it would take two quarters to evaluate the Z10's U.S. performance.

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