RIM Reports $235 Million Net Loss, Ships 7.4 Million BlackBerry Smartphones

Research in Motion reported a net loss of $235 million, or $0.45 a share, and generated $2.9 billion in revenue in the third quarter, handily beatingWall Street's low expectations.

Factoring out the company's pre-tax restructuring costs, RIM actually ended up with a net loss of $142 million for the quarter, or $0.27 a share. The consensus estimates were that RIM would report an adjusted net loss of $0.47 a share. RIM's revenue also beat Wall Street estimates of $2.49 billion for the quarter.

The company's stock shot up by as much as 14% after hours to more than $8 a share. RIM's stock ended Wednesday up more than 5% after the company announced at an event that BlackBerry's user b…
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