Reuters: Top News: BlackBerry maker posts loss; shakes up head office

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BlackBerry maker posts loss; shakes up head office Mar 29th 2012, 21:31 TORONTO | Thu Mar 29, 2012 4:56pm EDT TORONTO (Reuters) - Research In Motion said on Thursday several senior executives resigned as the BlackBerry maker posted a quarterly loss, stung by slipping smartphone shipments and limited deliveries of its poor-selling PlayBook tablet. The company reported a fiscal fourth-quarter loss of $125 million, or 24 cents a share, as it booked writedowns on its BlackBerry 7 phones and goodwill. On an adjusted basis, net income dropped to $418 million, or 80 cents a share, on revenue of $4.19 billion in new CEO Thorsten Heins' first quarter as chief executive. A year ago it earned $934 million, or $1.78, on revenue of $5.56 billion. Analysts, on average, had expected RIM to earn 81 cents a share on revenue of $4.54 million, according to Thomson Reuters I/B/E/S. The company shipped 11.1 million BlackBerrys and more than 500,000 PlayBooks in the three months to March 3.

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