BlackBerry posts quarterly loss

Patrick T. Fallon | Bloomberg | Getty Images

John Chen, chief executive officer of BlackBerry Ltd.

BlackBerry reported a quarterly loss on Friday, compared with a year-ago profit when the Canadian software maker received a one-time arbitration payment of $940 million from chipmaker Qualcomm.

The company’s net loss was $60 million, or 11 cents per share, for the first quarter ended May 31, compared with a profit of $671 million, or $1.23 per share, a year earlier.

Total revenue fell to $213 million from $235 million.