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BlackBerry's shares lift

Shares of BlackBerry Ltd. grew by 4.2% in premarket trade Friday, after the mobile company reported an unexpected adjusted profit in Q4.

For the quarter to February 28, net loss narrowed to $47 million, or 10 cents a share, from $238 million, or 45 cents a share, in the same period a year earlier. Excluding non-recurring items, adjusted earnings per share rose to 4 cents, while the FactSet has forecasted a breakeven quarter.

Revenue decreased by $286 million from $464 million, and the profit on an adjusted basis amounted to $297 million. 

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  • avatar-1733
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    BlackBerry shares have a potential growth and it's a perfect opportunity for investors.

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