NEW YORK ( TheStreet) -- BlackBerry (BBRY - Get Report) reported a surprise fourth-quarter profit on Thursday, as the smartphone maker continues to turn itself around.
Confronted with stiff competition from Apple's (AAPL - Get Report) iPhone and the myriad of Google (GOOG - Get Report) Android devices, BlackBerry CEO Thorsten Heins tried to convince investors that the company is firmly in turnaround mode. On the conference call, Heins noted that 55% of the 1 million BlackBerry 10 device users came from other platforms.
The focus was on BlackBerry's outlook, given extremely limited expectations for the company's fourth-quarter results. The company announced it intended to report break-even financial results, despite having a 50% increase in marketing spend to support the BlackBerry 10 platform. For its fiscal first quarter, BlackBerry is expected to report revenue of $3.27 billion and a loss of 10 cents a share, according to Thomson Reuters. BlackBerry shares rose 3.91% to $15.14 during early Thursday trading. -- Written by James Rogers and Chris Ciaccia in New York. Follow @jamesjrogers Follow @Commodity_Bull >To submit a news tip, send an email to: firstname.lastname@example.org.