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Slideshow The war on polio Worldwide cases of polio have fallen 99 percent since 1988. Slideshow RIM reports quarterly loss but cash pile grows Tweet Share this Email Print Related News RIM shares rally as new BlackBerry inspires hope Wed, Sep 26 2012 RIM spurs rare optimism with new phone Wed, Sep 26 2012 RIM says subscriber base grows to 80 million; shares jump Tue, Sep 25 2012 RIM faced with another brutal quarter; focus on cash pile Tue, Sep 25 2012 Apple sells over 5 million iPhone 5, supply constraints loom Mon, Sep 24 2012 Analysis & Opinion iPhone 5 will live up to the hype – in time Why I won’t be getting an iPhone 5 Related Topics Tech » Hot Stocks » Asian Markets » Media » Related Video FACTBOX: RIM soars on surprise results 5:23pm EDT 1 of 2. Research in Motion (RIM) BlackBerry smartphone handsets are pictured in this illustration picture taken in Lavigny, Switzerland in this July 21, 2012 file photo. Credit: Reuters/Valentin Flauraud/Files TORONTO | Thu Sep 27, 2012 5:51pm EDT TORONTO (Reuters) - Research In Motion Ltd reported a narrower-than-expected loss on Thursday and the struggling BlackBerry maker said it increased its cash pile, a hopeful sign for the launch of its make-or-break line of revamped smartphones next year. Shares of RIM rose more than 15 percent as investors were encouraged by indications the company will have sufficient cash to push ahead with a robust marketing campaign of its next-generation BB10 devices, due out in early 2013. In another rare ray of optimism for the embattled company, RIM posted a loss that was smaller than expected and it generated more revenue than forecast. "It's still bad, but it's a much smaller disaster than expected," said Sterne Agee analyst Shaw Wu. "These stocks all trade on expectations. Expectations were really low, and they were able to beat that." The company has staked its future on BB10. A one-time smartphone pioneer, RIM has failed to keep pace with innovations by rivals such as Apple Inc and Samsung Electronics Co. RIM's share price has tumbled about 70 percent over the past year as the BlackBerry's market share tumbled. The Waterloo, Ontario-based company reported a net loss of $235 million or 45 cents a share, in its fiscal second quarter, ended Sept 1. That compared with a profit of $329 million, or 63 cents, in the same period a year earlier. Excluding one-time restructuring-related items, the loss came in at $142 million, or 27 cents a share, in the quarter just ended. Revenue rose to $2.9 billion, or 2 percent from the fiscal first quarter, but the latest result was down about 30 percent from the same period a year earlier. Analysts, on average, had expected RIM to reported a loss of 46 cents a share, on revenues of $2.5 billion, according to Thomson Reuters I/B/E/S. RIM increased its cash to about $2.3 billion from $2.2 billion in the fiscal first quarter. "They also lost a lot less money than expected, and the cash balance, even though they lost money, they were able to grow it slightly," said Wu. Having sufficient cash on hand is seen as crucial to a successful launch of RIM's line of revamped smartphones that will run on its new BB10 operating system. RIM's U.S.-listed shares surged more than 15 percent to $8.22 in trade after the closing bell on Thursday. (Reporting by Euan Rocha, Alastair Sharp, Allison Martell and Cameron French; Editing by Frank McGurty) Tech Hot Stocks Asian Markets Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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