Fill it to the RIM -- With Fail

By Stephen Green 6:20 AM on December 20, 2013

WATERLOO, Ont. – BlackBerry Ltd. reports it had a staggering US$4.4-billion net loss from continuing operations in its latest quarter.

The struggling smartphone company’s revenue was below expectations at US$1.2 billion, down 56 per cent in the same quarter last year.

And its adjusted loss from continuing operations was US$354 million, or 67 cents per share — also 23 cents below analyst estimates.

Analysts expected BlackBerry adjusted loss would be 44 cents per share and its revenue would be about $400 million higher at US$1.6 billion.

As recently as last quarter, analysts were still talking about BlackBerry’s cash flow and its nice little nest egg. But they lost about as much money this quarter

Steve launched VodkaPundit on a well-planned whim in 2002, and has been with PJ Media since its launch in 2005. He served as one of the hosts of PJTV, a pioneer in internet broadcasting. He also cohosts "Right Angle" with Bill Whittle and Scott Ott at BillWhittle.com. He lives with his wife and sons in the wooded hills of Monument, Colorado, where he enjoys the occasional adult beverage.