Blackberry has a financial loss 2016-06-27 10:06:30

The popular smartphone manufacturer has published its data for the 1st quarter of 2016 fiscal year. The net loss amounted at $670 million, while the company's net profit has only reached the mark of $68 million. The Blackberry's revenue has decreased by 35%. The fall was caused by the low sales volume and the high restructuring costs. It is worth noting, that the company's income has been declining for the third consecutive quarter.

The Blackberry shares due to the negative statistics declined by 4.71% and continue to fall in price. Traders have a great chance to earn money on the asset's further decrease. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.

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