News

Research In Motion earnings to offer better look at struggling BlackBerry maker

TORONTO – A glimpse into the state of the struggling BlackBerry maker will be revealed later today when Research In Motion (TSX:RIM) issues its first-quarter results.

The company has already said it will report an operating loss for the period, but investors are also waiting to see how much its sales have fallen as competitors steal a bigger piece of the market.

RIM is working on new operating system and phones due later this year, but it hasn’t released a new BlackBerry for quite some time and that has likely also hurt sales.

The company is also expected to book charges related to layoffs and costs associated with the roll out of its new technology.

Analysts polled by Thomson Reuters expected RIM to post a loss of a penny per share, while its revenues will fall about 37 per cent to $3.1 billion.

RIM’s earnings will be released after market close.