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NEW YORK --

Research In Motion

( RIMM) reported a fiscal third-quarter loss Thursday that was narrower than Wall Street's expectations.

The stock of the BlackBerry maker moved higher in after-hours trading Thursday but reversed course during an earnings call after RIM said it would change the way it charges customers service fees, putting a key source of revenue at risk.

RIM also said said spending on the launch of BlackBerry 10 will drive a fourth-quarter operating loss.

RIM Beats and Pops, Then Drops After Hours

Red Hat

(RHT) - Get Free Report

posted third-quarter sales that topped analysts' estimates and it announced Thursday it was acquiring

ManageIQ

, a cloud software company, for $104 million in cash.

Nike's

(NKE) - Get Free Report

second-quarter earnings fell 18% but topped expectations because of strong demand in North America.

Revenue in the quarter rose 7% to $5.96 billion. Nike brand revenue rose 11%.

Nike said orders for shoes and apparel to be delivered between December and April rose 6% from last year to $9.3 billion.

6 Climbing High-Yield Dividend-Paying Stocks

Walgreen

(WAG)

is expected by analysts Friday to report fiscal first-quarter earnings of 70 cents a share on revenue of $17.45 billion.

Crane

(CR) - Get Free Report

said it would acquire privately held

MEI Conlux Holdings

and its Japanese affiliate for about $820 million.

MEI makes electronic bill acceptors.

Crane is buying MEI from Bain Capital and Advantage Partners.

Greenbrier Cos.

(GBX) - Get Free Report

rejected a sweetened bid from

American Railcar Industries

(ARII) - Get Free Report

, which is controlled by investor Carl Icahn.

Toll, Lennar: 2 Good Ways to Play the Housing Recovery

The board of flash-memory maker

SanDisk

(SNDK)

approved an additional $750 million for stock buybacks, bringing the total stock repurchase authorization to $1.25 billion.

-- Written by Joseph Woelfel

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Joseph Woelfel

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