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Showing posts with label RIM. Show all posts
Showing posts with label RIM. Show all posts

June 18, 2011

Blackberry firm shares fall sharply on poor results

Shares in Blackberry manufacturer Research in Motion (RIM) have fallen by more than a fifth since it announced disappointing results on Thursday.

The company said that it had missed even its lowered expectations and reduced its profit forecasts.

RIM's net profit was $695m (£430m) in the three months to 28 May, down from $769m in the same period last year.