RIM stock plunges 10 percent after warning of loss

Wed May 30, 2012 9:45am EDT
 
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TORONTO (Reuters) - Shares of Research in Motion Ltd skidded 10 percent at the open on Wednesday after the BlackBerry maker warned on Tuesday it would likely report a shock first-quarter operating loss.

Shares of RIM plunged C$1.20, or 10 percent, to C$10.31 on the Toronto Stock Exchange. The U.S.-listed shares fell 10.8 percent to $10.01.

(Reporting By Jennifer Kwan; Editing by Jeffrey Hodgson)

 
A logo of the Blackberry maker's Research in Motion is seen on a building at the RIM Technology Park in Waterloo April 18, 2012. Picture taken April 18, 2012. REUTERS/Mark Blinch