Earnings, Research In Motion | featured news

Research In Motion shares rise in after-hours trading as the maker of the Blackberry posts a smaller-than-expected quarterly loss.

Research in Motion unexpectedly announced on Thursday that a new line of phones that it still hopes will revive its BlackBerry brand will be delayed until next year... Research in Motion, the company behind BlackBerry phones, also reported at $518 million loss for the first quarter.

Research In Motion shares were sharply lower Friday, after the company issued a steep first-quarter earnings warning late Thursday, heightening fears that the BlackBerry maker is buckling amid competition from Apple and Google.

U.S. stock futures rose as better-than-expected earnings reports from Research In Motion and Oracle late Thursday reinforced confidence in the ability of companies to increase profits next year.

Despite increasing competition, Research In Motion is expected to report healthy second-quarter growth.