Research-in-Motion Not Solid Enough (RIMM)

[24/7 Wall St.]

24/7 Wall St. Daily News

Research in Motion Ltd. (NASDAQ: RIMM) posted disappointing earnings today and shares are paying for it. The smartphone giant posted $0.84 EPS on $2.24 Billion in revenues. The First Call estimates were $0.85 EPS on $2.27 Billion in revenues. During the quarter, RIM shipped approximately 5.4 million devices. Approximately 2.3 million net new BlackBerry® subscriber accounts were added in the quarter. At the end of the quarter, the total BlackBerry subscriber account base was over 16 million. As far as guidance goes, this is a disappointment as well. Next quarter it sees $0.84 to $0.89 EPS on a range of...http://feeds.feedburner.com/~f/typepad/RyNm?i=01ApMI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=01ApMI) http://feeds.feedburner.com/~f/typepad/RyNm?i=tAg5LI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=tAg5LI) http://feeds.feedburner.com/~f/typepad/RyNm?i=Q5zmbi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Q5zmbi)


complete story here... (http://www.247wallst.com/2008/06/research-in-mot.html)