BlackBerry posts quarterly loss as turnaround continues

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BlackBerry reported a second-quarter adjusted loss on Friday as the company's turnaround continued and it attempted to boost revenue from its software division.

Excluding one-time items like a non-cash credit tied to the value of debentures and restructuring charges, the Waterloo, Ontario-based company reported a quarterly loss of $66 million, or 13 cents a share.

Including the impact of the non-cash gain, in the period ended Aug. 29, it earned a net profit of $51 million. That compared with a loss of $207 million a year earlier.

Quarterly revenue fell 46.5 percent to $490 million in the period.

Analysts expected the Toronto-based company to post a loss of 9 cents per share on revenue of $611 million, according to a Thomson Reuters consensus estimate.

Earlier this month, Blackberry agreed to buy software provider Good Technology for $425 million an effort to bolster its enterprise business.

Nevertheless, the company's stock has continued to fall, plunging more than 7 percent in September and about 36 percent year to date, according to FactSet.

CNBC contributed to this report.