RIM's forecast beats estimates
Getty Images ( 2008-12-18 22:03:29 )
After Thursday’s close, Research In Motion (NASDAQ: RIMM, TSX: T.RIM, Stock Forum) posted third-quarter earnings of $396.3 million, or 69 cents a share, compared with earnings of $370.5 million, or 65 cents a share, for the same period last year. Excluding certain charges, RIM said it would have earned $577.3 million, or 83 cents a share, for the period. Revenue grew 66% to $2.78 billion. Results were in line with Wall Street expectations.
For the current period, RIM said it expects to earn between 83 cents to 91 cents a share, with revenue expected to come in between $3.3 billion and $3.5 billion. Analysts were expecting earnings of 86 cents a share on revenue of $3 billion.
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