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City News

BlackBerry lost way less money than everyone was expecting it to

By Steve Kupferman
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$207,000,000

—The net loss disclosed by BlackBerry as part of its second-quarter earnings report earlier this morning. Although this figure looks terrible to the untrained eye, it’s actually positive news for the Waterloo-based smartphone maker. According to the CBC, analysts had expected a far bigger loss. Also, when certain one-time restructuring expenses are excluded from the calculations, the number drops just to $11 million.

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