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NEW YORK (TheStreet) -- BlackBerryundefined is scheduled to report its fiscal 2016 fourth quarter results after the market close today.

Both its profit and revenue are projected to decline year-over-year, as the company continues to face a drop in smartphone sales and intensifying competition from leading handset makers, Zacks analysts said.

For the recent period, Wall Street is looking for a loss of 10 cents a share on revenue of $563.18 million, compared to a year ago, when the company reported earnings of 4 cents a share on revenue of $660 million.

Despite the challenges it has been facing, BlackBerry has been working on its cost-cutting efforts and its results should likely be benefited by its strong cash position, which encouraged the company to acquire a few businesses, Zacks analysts added. 

Shares are increasing by 0.62% to $8.06 on Thursday. 

Separately, BlackBerry has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's weak operating cash flow and generally disappointing stock performance.

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You can view the full analysis from the report here: BBRY

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