Brett Molina

USA TODAY

BlackBerry shares remain volatile in early trading after the smartphone maker reported a second quarter loss much lower than Wall Street forecast.

The company finished its second quarter with a loss per share of 2 cents, well below the 16 cents analysts predicted, based on estimates compiled by Bloomberg.

However, second quarter revenue fell short. BlackBerry reported $916 million for the second quarter, while analysts had forecast the company would report $943 million.

"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," said BlackBerry CEO John Chen in a statement Friday.

After initially surging 9%, BlackBerry shares have since dipped 1.8%.

Since taking over the top role at BlackBerry late last year, Chen has focused more efforts on software and services including BlackBerry Messenger. The company says BBM now boasts 91 million monthly active users, up from 85 million the previous quarter.

Despite fierce competition from tech giants like Apple, Samsung and Google, BlackBerry is pushing forward with smartphone development. On Wednesday, the company launched Passport, a square smartphone with 4.5-inch display and signature physical keyboard.

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