Research In Motion posted a profit in the fiscal third quarter thanks to a favorable tax settlement, but it ceded some customers along the way.
The company reported a profit of $14 million, or 3 cents a share, compared with a year-earlier profit of $265 million, or 51 cents a share. Revenue fell by nearly half to $2.72 billion. Excluding the one-time item, it reported a loss of $114 million, or 22 cents a share.
The results were better than Wall Street expected. RIM was supposed to post a loss of 35 cents a share on revenue of $2.… Read more