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BlackBerryToday > News > Research in Motion Does The Expected Research in Motion Does The Expected
By Paul Shread
Research in Motion did exactly what investors expected after the close on Tuesday: the company beat estimates and raised guidance.
Shares of RIMM jumped 8% after hours after the BlackBerry maker reported earnings of 36 cents a share, four cents ahead of estimates. Revenues of $269.6 million topped $263.2 million forecasts, and the company raised forward guidance well above expectations. RIMM said it expects August quarter earnings of 40-45 cents a share and revenues of $290-310 million, above 36-cent and $287 million estimates. For the November quarter, RIMM said it sees earnings of 45-50 cents a share and revenues of $340-360 million, compared to consensus forecasts of 39 cents and $311 million. Related Links:
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