Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) shares took a nosedive in pre-market trading after the company’s latest earnings results. Shares fell as much as 17 percent at the NASDAQ on the report, which greatly missed expectations. Some analysts were expecting a lot out of the company, however, although investors apparently looked for the company to miss as shorts on the BlackBerry maker hit a new record this week ahead of the company’s report.

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Research In Motion Ltd (BBRY)’s Latest Results

This morning’s report indicated revenue of $3.1 billion on adjusted losses of 13 cents per share. Consensus for Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) was for $3.38 billion in revenue on earnings of 7 cents per share.

The company did begin to show some small signs of life, however. Revenue in the key North American market grew 30 percent from the previous quarter. Also the quarter’s overall revenue was a 15 percent increase over the previous quarter’s revenue and a 9 percent increase over the same quarter a year ago.

The BlackBerry maker’s revenue was 71 percent hardware, 26 percent services and 3 percent software and other revenue. Gross margins for the quarter were 33.9 percent.

Shipments Of BlackBerry Devices

Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) shipped 6.8 million BlackBerry smartphones and about 100,000 BlackBerry PlayBook tablets. Analysts were looking for shipments of BlackBerry 10 devices to exceed 3 million, although the company did not break down its shipments into BlackBerry 10 and BlackBerry 7 devices, so we don’t know exactly how many of the new devices it shipped.

Also we don’t know the BlackBerry maker’s sell-through numbers, so these results make it even more difficult to gauge the company’s progress toward a full recovery.

Research In Motion Ltd (BBRY) Outlook

CEO Thorsten Heins said Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) will continue to focus on rolling out the Blackberry 10 platform and BlackBerry Enterprise Service 10. The company said throughout fiscal year 2014, it will invest in the launches of BlackBerry 10 smartphones and rolling out BlackBerry Enterprise Service 10 as it continues to establish the BlackBerry 10 platform in the marketplace. It will also work on evolving BlackBerry Messenger “into a leading cross platform mobile social messaging application” while also launching other new services.