Blackberry makes smaller loss

BlackberryCanadian firm Blackberry made a smaller loss in its financial third quarter than many people expected.

That’s sent its shares rising by six percent on Wall Street, so far.

Blackberry turned in a loss of $89 million, compared with the same quarter last year when it turned in a loss of $148 million.

While its revenues fell 31 percent compared to the same quarter last year, sales were up 12 percent compared to its second financial quarter.

The company has been focusing on software revenues and that grew to $162 million in the quarter.

Blackberry, formerly the corporate favourite for smartphones, recently released an Android phone called the Priv.