BlackBerry today reported a net loss (GAAP) of $670 million or $1.28 per basic share for the first fiscal quarter 2017 that ended May 31, 2016 on revenues (GAAP) of $400 million. This is due to long lived asset impairment charge of $501 million, a $57 million goodwill impairment charge and $41 million inventory-related charge.
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