Research in Motion lost less than expected in second quarter
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.
