TORONTO (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 33 percent to $2.8 billion.
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.
(Reporting by Alastair Sharp in Toronto; Editing by Frank McGurty)
