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Research in Motion lost less than expected in second quarter

http://en.wikipedia.org/wiki/Research_In_Motion

Research In Motion Ltd. posted its third straight quarterly loss, but the struggling BlackBerry maker did increase its subscriber base and cash position.

The company's loss narrowed to $235 million in its fiscal second quarter from $329 million a year ago as RIM tamed costs through a restructuring process that included widespread layoffs and closing manufacturing facilities.

Revenue fell 31% from a year ago to $2.9 billion, but it was slightly ahead of the first quarter's figure and Wall Street's expectations. RIM's shares rose more than 18% in after-hours trading to $8.45.