BlackBerry Reports Bigger Loss Than Expected

BlackBerry earnings for Q3 are out. The company lost more than expected, $0.67 per share. Analysts expected a loss of $0.44 per share.

The company also announced a five-year manufacturing deal with Foxconn, the same company that produces gadgets for Apple and many other tech companies.

Here are the most important numbers from the earnings report:

• Revenue: $1.2 billion, which is down 56% from the same quarter last year.
• 1.9 million smartphones sold. (It sold 3.7 million last quarter.)
• Loss of $0.67 per share, or $354 million.
• The company has $3.2 billion in cash on hand.

More to come...refresh for the latest.