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Blackberry's B building in Waterloo, Ont. on May 29, 2018.

Andrew Ryan/The Canadian Press

BlackBerry Ltd . shares fell in after-hours trading after the cybersecurity technology and automotive software company reported a US$315-million loss and disappointing revenue for its fourth-quarter.

The Ontario-based company’s shares traded at US$8.87, down 47 cents from the official close on the New York Stock Exchange.

That was far below a brief mid-quarter surge in BlackBerry stock prices, which traded above US$25 for the first time in years in January, despite the absence of news.

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The stock pop appeared to be related to an unusual trading frenzy surrounding GameStop and other companies.

Executive chairman John Chen told analysts in a conference call Tuesday afternoon that BlackBerry continued to negotiate a previously announced possible sale of some of its patent portfolio, but there was no definitive agreement.

Earlier Tuesday, BlackBerry said that it had a net loss equal to a loss of 56 U.S. cents per share, compared with a loss of US$41 million or seven cents per share a year earlier.

On an adjusted basis, BlackBerry recorded a profit of three U.S. cents per share.

Quarterly revenue for the Waterloo, Ont.-based technology company, which reports its results in U.S. currency, was US$210 million, down from US$282 million a year earlier.

BlackBerry also announced adjusted revenue of US$215 million, down from US$291 million a year earlier.

Analysts had estimated three U.S. cents per share of adjusted earnings with US$248.14 million of revenue for the three months ended Feb. 28, according to financial data firm Refinitiv.

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