Research In Motion Inc. (NASDAQ:BBRY), maker of the BlackBerry smartphone, lost $84 million, or 16 cents a share, in its fiscal fourth quarter, the company said on Friday, missing analyst estimates and triggering an almost 20 percent selloff of shares.
The results were an improvement over the $518 million, or 99 cents a share, loss it reported a year ago.
Research in Motion said that on an adjusted basis, it had a loss of $67 million, or 13 cents a share. That number excluded some special and one-time charges.
Revenue during the quarter was $3.07 billion, compared to $2.81 billion a year ago.
Analysts had expected the company to post an operating profit for the quarter, as well as higher revenue.
Research in Motion shares fell almost 20 percent in pre-market trading.