Revenue for the first quarter, which ended May 28, was US$4.9 billion, below the consensus forecast of $5.1 billion from analysts polled by Thomson Financial. The analysts' forecasts reflected a cut in RIM's own forecast, which was announced in late April.
Also on Thursday, the company announced a cost-cutting program that will include a headcount reduction. It expects to begin the program in the second quarter and benefit from it beginning in the third quarter.
RIM's net income for the first quarter was $695 million, or $1.33 per share, just ahead of the analysts' forecast of $1.32. However, the income figure was down from $769 million, or $1.38 per share, in the same quarter last year.