BlackBerry turned in its fourth quarter results of a loss of 80 cents a share, but then adjusted that number down to a loss of only eight cents per share. The number managed to beat analyst expectations and caused the stock to move high as a result. BlackBerry tried to emphasize the positives of cost cutting and lower inventory, but consumers are not buying the new BlackBerry 10 phone as much as the old BlackBerry 7 device. Profit breakeven isn't expected until 2015.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

Delphi, Blackberry Announce Partnership to Advance Autonomous Vehicles

We Are Astonished By How Far Uber Has Deviated From Its Original Master Plan

BlackBerry's Rally Is Falling by the Wayside

Goldman: Blackberry a 'Sell' Over Mobile Messaging Concerns

Dow Scores Ninth Straight Record Close With Tiny Gains, S&P 500 at All-Time High