Apple's iPhone has yet to have much of an effect on Research In Motion (RIM), if the company's latest quarterly results are any indication.
The mob-e-mail and smartphone leader reported better than expected quarterly results and guidance late Wednesday, and its subscriber growth was pretty impressive too.
RIM's earnings of $412.5 million, or 72 cents a share, more than doubled from the year-ago quarter and were two cents better than Wall Street analysts expected, and revenues of $1.88 billion were up 102% and also ahead of forecasts. 2.18 million net new subscribers was at the high end of forecasts, and the company topped it all off with current quarter guidance that was well ahead of expectations.
Investors rewarded the company with a 5 percent gain in after-hours trading yesterday.
Adapted from internetnews.com
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