NEW YORK (TheStreet) --Shares of BlackBerry are up 2.58% to $9.54 in morning trading today after the company reported a surprise quarterly profit. Canada-based BlackBerry reported 2015 fourth quarter adjusted earnings to exclude items of 4 cents a share, compared with a loss of 8 cents a year earlier and ahead of the average of 29 analysts' estimates that expected a loss of 5 cents a share, according to data compiled by Reuters. However, revenue fell to $660 million in the quarter from $976 million a year earlier, well below the $786 million that analysts predicted. "Our focus this past year was on getting our financial house in order while creating a multi-year growth strategy and investing in our product portfolio. We now have a very good handle on our margins, and our product roadmaps have been well received," CEO John Chen said. "The second half of our turnaround focuses on stabilization of revenue with sustainable profitability and cash generation." In its outlook, the company said it continues to anticipate positive free cash flow. The company is expanding its distribution capability, and expects traction from these efforts to manifest some time in fiscal 2016. BlackBerry continues to target sustainable non-GAAP profitability some time in fiscal 2016. BlackBerry is a provider of wireless solutions, comprised of smartphones, service and software. Separately, 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 multiple weaknesses, 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 area that we feel has been the company's primary weakness has been its relatively poor performance when compared with the S&P 500 during the past year." You can view the full analysis from the report here: BBRY Ratings Report BBRY data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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