NEW YORK (TheStreet) -- BlackBerry is set to post its 2017 fiscal second quarter results before Wednesday's market open.
Wall Street is expecting a narrower loss than last year, but lower revenue year-over-year.
Analysts are projecting that the Canadian mobile communications company will post a loss of 5 cents per share on revenue of $394 million.
During the same quarter last year, BlackBerry said it had an adjusted loss of 13 cents per share on revenue of $490 million.
Separately, CEO John Chen said today he was two-thirds of the way toward achieving his goal of turning the company's fortunes around, Reuters reports.
"We have made investment over a billion-plus, all in software, all in security, and now we need to execute it," Chen said at an event in Toronto.
The previously dominant smartphone company has moved its focus to software that companies and governments use to manage their mobile devices, Reuters noted.
Shares of BlackBerry were declining in mid-afternoon trading today.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: BBRY