RIM’s Results Meet Share Outperformance (RIMM)
Research In Motion Limited (NASDAQ: RIMM) has just reported earnings. The Blackberry maker reported $1.74 EPS on revenues of $5.49 billion. Thomson Reuters has consensus estimates for earnings of $1.64 EPS and $5.40 billion in revenue. Guidance for its next…
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Guidance for its next quarter was put at $1.74 to $1.80 EPS and revenues were put in a range of $5.5 to $5.7 billion. For the quarter ahead, those estimates are $1.61 EPS and $5.46 billion in revenues.
RIM brought in 5.1 million net subscriber adds and saw a 40% growth from a year ago with 14.2 million smartphone shipments.
Gross margin was 43.6% and the company sees roughly the same for next quarter.
The cash from operations was $975 million and by a total of $446 million during the quarter to end with its cash at $2.5 billion.
What RIM had working against it was that its shares had risen some 50% from the lows over the last 3 months or so. Shares closed up 0.1% at $59.24 and the stock was down just over 2% at $58.00 on last look in after-hours trading.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
