3 Biggest Takeaways From BlackBerry's Latest Earnings Report

NEW YORK (TheStreet) -- Though BlackBerry (BBRY) is hanging by a thread, CEO John Chen continues to show just how strong that thread is. The company slowly continues to turn itself around, judging by its latest quarterly results

"We delivered a solid quarter against our key operational metrics, and we are confident that we will achieve breakeven cash flow by the end of FY15," Chen said in a statement. "Our workforce restructuring is now complete, and we are focusing on revenue growth with judicious investments to further our leadership position in enterprise mobility and security, driving us towards non-GAAP profitability during FY16."

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Waterloo, Ontario-based BlackBerry reported it sold 2.1 million handsets during the fiscal second quarter, as it generated $916 million in revenue, losing an adjusted 2 cents a share. The company continues to turn the corner in its business, having stopped burning through cash, as Chen's turnaround program takes place. Analysts surveyed by Thomson Reuters were expecting the company to lose 16 cents a share on $948.45 million in revenue.

The company said it continues to expect it will produce breakeven cash flow results by the end of the fiscal year, something few thought would happen CEO Thorsten Heins was at the helm.

Shares are up 5.2% to $10.30 in early morning trading, as optimism surrounding the company's operational performance abounds on Wall Street.

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