June 16, 2011 / 8:39 PM / 6 years ago

RIM profit drops, BlackBerry maker slashes outlook

1 Min Read

(In U.S. dollars)

TORONTO, June 16 (Reuters) - Research In Motion RIM.TO RIMM.O profit fell sharply on Thursday, and the BlackBerry maker missed its own lowered revenue forecast and slashed its full year outlook.

The Canadian company, under pressure after a botched launch of its PlayBook tablet computer, shipped 13.2 million BlackBerrys in the three months to May 28. It shipped 500,000 PlayBook tablets in the six weeks after the launch, compared with an average analyst forecast of 366,000.

RIM made a net profit of $695 million, or $1.33 a share, on revenue of $4.9 billion. Analysts had expected profit of $1.32 a share on revenue of $5.1 billion.

A year ago RIM earned $1.38 a share on revenue of $4.24 billion. (Reporting by Alastair Sharp)

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