Telecom & Wireless
RIM's Results Meet Share Outperformance (RIMM)
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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 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
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