Research In Motion reported declining profits and revenue in the third quarter as it continues its downward spiral.
For its fiscal third quarter, the Canadian mobile devices maker reported (PDF) a profit of $265 million, or 51 cents a share, compared with a year-earlier profit of $911.1 million, or $1.74 a share. Excluding one-time charges, including one taken for its unsold PlayBook tablets, the company earned $667 million, or $1.27 per share.
Revenue was $5.17 billion, a modest decline from RIM's year-earlier revenue of $5.49 billion.
Wall Street analysts, on average, had forecast earnings … Read more