BlackBerry beats expectations with Q4 earnings as revenue jumps 12%

(Reuters) — Canada’s BlackBerry Ltd. reported better-than-expected quarterly earnings on Friday, as operating costs nearly halved, and said it expects to be profitable on an adjusted basis in 2018.
The company’s U.S.-listed shares were up nearly 5 percent at $7.29 before the bell.
BlackBerry has shifted away from making its once-iconic smartphones to building a software business, which includes mobile device management products and the QNX industrial operating system.
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