NEW YORK (TheStreet) -- BlackBerry's (BBRY) stock was up 4.8% to $9.48 in early trading Friday. The jump comes after the company's 2013 fiscal fourth quarter earnings results outperformed analysts expectations.
The smartphone maker had a net loss of $423 million, or 80 cents per share, in the quarter while posting quarterly revenues of $976 million -- down from $2.7 billion in revenues for the same period in 2012.
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Excluding one time charges and losses, the company reported an EPS loss of 8 cents a share. Analysts had forecast an EPS loss of 55 cents a share on $1.1 billion in revenue.
TheStreet Ratings team rates BLACKBERRY LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLACKBERRY LTD (BBRY) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: