BlackBerry core loss not as bad as feared

|About: BlackBerry Ltd. (BB)|By:, SA News Editor

Revenue of $976M off 18% from FQ3 and off 64% from a year ago, with services revenue outpacing hardware (56% vs. 37%).

Cash and marketable securities of $2.7B as of March 1 is off from $3.2B three months previous.

CEO John Chen: "We have significantly streamlined operations, allowing us to reach our expense reduction target one quarter ahead of schedule."

Outlook: Company anticipates maintaining strong cash position and continuing to look for opportunities to streamline operations; targeting break-even cash flow by the end of fiscal 2015.

BBRY remains halted until 7:30 ET. Shares were ahead 4.3% before the earnings release.

Previously: BlackBerry beats by $0.46, misses on revenue