TORONTO, June 28 (Reuters) - Research In Motion Ltd posted a fiscal first-quarter net loss on Thursday and said it would cut 5,000 jobs as its BlackBerry smartphone shipments fell sharply for a second straight quarter.
Its adjusted net loss was $ 192 million, or 37 cents a share, in the three months to June 2. Revenue declined 3 3 percent to $2. 8 b illion.
The company had warned it would post an operating loss but had not provided specifics.
A year ago RIM reported net income of $ 695 million, or $ 1.33 a share, on sales of $4 .91 billion.
Shares of RIM, which have dropped about 70 percent over the past year, were halted soon after the close of regular U.S. trading hours.