Research In Motion reports second quarter financial results, beating analysts expectations
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Research in motion says it lost $235-million US in the second quarter, beating analysts expectations. The Blackberry maker says the loss amounts to 45 cents per diluted share. That compared with a profit of $329-million or 63 cents per share a year ago. Revenue totalled $2.87-billion for the quarter, down from $4.17-billion last year. RIM announced earlier this week that it managed to add two million new subscribers to its services in the quarter – a surprise to many analysts who were predicting the number of subscribers to plateau.
