RIM Lost Less Than Expected in Second Quarter

Timothy B. Lee, Ars Technica:

Research in Motion, the company behind the struggling BlackBerry line of smartphones, beat Wall Street’s expectations in its second fiscal quarter, with a net loss of $235 million dollars, or 45 cents per share. That’s slightly better than analysts’ predictions of 46 cents per share, and it’s also significantly better than last quarter, when the Waterloo, Ontario-based company lost $518 million.

A penny saved is a penny earned.

★ Thursday, 27 September 2012