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BlackBerry (NASDAQ:BBRY) shares managed to climb 1 percent higher on Friday, but shares dipped in late afternoon hours. As expected, second-quarter revenue came in at $1.6 billion, down 45 percent on the year, and adjusted net loss came in approximately in line with expectations at $248 million, or 47 cents per share. Alongside the report, BlackBerry announced that it is targeting a 50 percent reduction in overall operating expenditures, due to be completed by the first quarter of fiscal 2015. BlackBerry shares are down more than 30 percent this year.