BlackBerry reported its Q4 2013 earnings today and surprised Wall Street with a surprise profit of $98 million, or $0.19 per share diluted for the quarter. This is a significant improvement from the same quarter last year when the company reported a loss of $118 million. “We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the Company returning to profitability in the fourth quarter,” said BlackBerry President and CEO Thorsten Heins.
Despite making a profit this quarter, BlackBerry’s quarterly revenue of $2.7 billion missed Wall Street’s estimate of $2.8 billion. The company is also losing subscribers at an alarming rate, dropping from 79 million last quarter to 76 million this quarter. BlackBerry also announced that it sold 6 million BlackBerry smartphones, 1 million of which were Z10 handsets, and about 370,000 BlackBerry PlayBook tablets.