BlackBerry’s Q2 Earnings As Ugly As Expected
BlackBerry released its second-quarter earnings report and it’s just as bad as the company warned it would be. BlackBerry posted an operating loss of $965 million on sales of $1.6 billion, which marked a 49% year-over-year decline in revenues. BlackBerry reported that its cash reserves have started to bleed out, as its $2.6 billion in reported cash marked a $500 million decline from the $3.1 billion it
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