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  BlackBerryToday > News > Research in Motion Does The Expected

Research in Motion Does The Expected

By Paul Shread
June 29, 2004

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.



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