Research In Motion shares fall despite better than expected earnings report | iNFOnews

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Research In Motion shares fall despite better than expected earnings report

December 21, 2012 - 6:45 AM

TORONTO - Shares in Research In Motion fell 15 per cent today after better than expected financial results failed to impress investors.

The stock was down $2.35 to trade for $11.60 on the Toronto Stock Exchange.

After the close of markets on Thursday, the BlackBerry maker reported a smaller adjusted loss than analysts had expected.

However, investors were less impressed by comments made by the company that suggested the lucrative service fees charged to BlackBerry subscribers to use its secure network won't necessarily be a priority in the future.

RIM (TSX:RIM) plans to launch an a la carte menu of services where both enterprise customers and casual smartphone users can pick their packages.

The change comes as RIM prepares the launch of its next generation of BlackBerry smartphones and a new operating system.

News from © The Canadian Press, 2012
The Canadian Press

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