Blackberry (bbry) Stock Boosted Today By Fourth Quarter Earnings Beat

NEW YORK (TheStreet) --Shares of BlackBerry are up 2.58% to $9.54 in morning trading today after the company reported a surprise quarterly profit. Canada-based BlackBerry reported 2015 fourth quarter adjusted earnings to exclude items of 4 cents a share, compared with a loss of 8 cents a year earlier and ahead of the average of 29 analysts' estimates that expected a loss of 5 cents a share, according to data compiled by Reuters. However, revenue fell to $660 million in the quarter from $976 million a year earlier, well below the $786 million that analysts predicted. "Our focus this past year was on getting our financial house in order while creating a multi-year growth strategy and investing in our product portfolio.

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