UPDATE: RIM Ltd (RIMM) Posts Q1 adj.-Loss of 37c/Share, Misses Views; Sees Q2 Loss; Adds Delay to BB10 Launch

(Updated - June 28, 2012 4:24 PM EDT)

Research In Motion Ltd (NASDAQ: RIMM) reported Q1 EPS of ($0.37), $0.38 worse than the analyst estimate of -$0.01. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $3.13 billion.

Sees an operating loss in the second-quarter.

The successful launch of the BlackBerry 10 platform and the delivery of high quality, full-featured BlackBerry 10 smartphones remain the Company's number one priority. Over the past several weeks, RIM's software development teams have made major progress in the development of key features for the BlackBerry 10 platform; however, the integration of these features and the associated large volume of code into the platform has proven to be more time consuming than anticipated. As a result, the Company now expects to launch the first BlackBerry 10 smartphones in market in Q1 of calendar 2013.

For earnings history and earnings-related data on Research In Motion Ltd (RIMM) click here.

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