RIM earnings jump in third quarter
SAN FRANCISCO (MarketWatch)
Research In Motion Ltd. said Thursday afternoon that earnings jumped 59% for the third fiscal quarter on strong sales of the company's BlackBerry line of smartphones. RIM (RIMM 71.15, +7.69, +12.12%) said net income for the period ended Nov. 30 came in at $628.4 million, or $1.10 per share, compared to net income of $396.3 million, or 69 cents a share, for the same period the previous year. Revenue grew 41% to $3.92 billion for the quarter. Analysts were expecting the company to report earnings of $1.04 per share on revenue of $3.78 billion, according to consensus estimates from FactSet Research.
SAN FRANCISCO (MarketWatch)
Research In Motion Ltd. said Thursday afternoon that earnings jumped 59% for the third fiscal quarter on strong sales of the company's BlackBerry line of smartphones. RIM (RIMM 71.15, +7.69, +12.12%) said net income for the period ended Nov. 30 came in at $628.4 million, or $1.10 per share, compared to net income of $396.3 million, or 69 cents a share, for the same period the previous year. Revenue grew 41% to $3.92 billion for the quarter. Analysts were expecting the company to report earnings of $1.04 per share on revenue of $3.78 billion, according to consensus estimates from FactSet Research.
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