Cell Phones

RIM Results Top Expectations - Shares Rise !!!

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  • Dec 22nd, 2012 5:33 pm
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Jun 22, 2007
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RIM Results Top Expectations - Shares Rise !!!

Great to see the Cdn Company fights back !!!!

http://www.cnbc.com/id/100332217?__sour ... &par=yahoo

Research In Motion reported quarterly results that beat analysts' expectations, but the struggling company still reported a net loss on Thursday.

After the earnings announcement, the company's shares ticked higher in extended-hours trading.

RIM ended the quarter with $2.9 billion in cash and equivalents, up $600 million.

The company posted a third-quarter loss excluding items of 22 cents per share, sharply lower than the $1.27 a share in earnings it reported a year ago.

Revenue plunged 48 percent to $2.7 billion from $5.22 billion in the year-earlier period.

However, the results beat expectations: Analysts had expected the company to report a quarterly loss excluding items of 35 cents a share on $2.66 billion in revenue, according to a consensus estimate from Thomson Reuters.

RIM has struggled to maintain its market share amid increased competition from smartphones that run on Google's Android software and Apple's iPhone. The decline in RIM's existing business and cash in recent years makes the release of the new BlackBerry 10 platform that is planned for early next year critical to the company's survival.
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Jun 9, 2003
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Mayoo wrote:
Dec 20th, 2012 4:30 pm
Great to see the Cdn Company fights back !!!!

http://www.cnbc.com/id/100332217?__sour ... &par=yahoo

Research In Motion reported quarterly results that beat analysts' expectations, but the struggling company still reported a net loss on Thursday.

After the earnings announcement, the company's shares ticked higher in extended-hours trading.

RIM ended the quarter with $2.9 billion in cash and equivalents, up $600 million.

The company posted a third-quarter loss excluding items of 22 cents per share, sharply lower than the $1.27 a share in earnings it reported a year ago.

Revenue plunged 48 percent to $2.7 billion from $5.22 billion in the year-earlier period.

However, the results beat expectations: Analysts had expected the company to report a quarterly loss excluding items of 35 cents a share on $2.66 billion in revenue, according to a consensus estimate from Thomson Reuters.

RIM has struggled to maintain its market share amid increased competition from smartphones that run on Google's Android software and Apple's iPhone. The decline in RIM's existing business and cash in recent years makes the release of the new BlackBerry 10 platform that is planned for early next year critical to the company's survival.
dead cat bounce...took 1 month to climb...but 1 day to lose it all back
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May 19, 2005
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Richmond Hill
Funny thread. The stock price dropped 22% today and another 1% after hours.
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Jun 26, 2004
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pennywize wrote:
Dec 22nd, 2012 1:14 am
Funny thread. The stock price dropped 22% today and another 1% after hours.
Haha oh dear. Poor RIM.
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Apr 15, 2011
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Mayoo wrote:
Dec 20th, 2012 4:30 pm
Great to see the Cdn Company fights back !!!!

http://www.cnbc.com/id/100332217?__sour ... &par=yahoo

Research In Motion reported quarterly results that beat analysts' expectations, but the struggling company still reported a net loss on Thursday.

After the earnings announcement, the company's shares ticked higher in extended-hours trading.

RIM ended the quarter with $2.9 billion in cash and equivalents, up $600 million.

The company posted a third-quarter loss excluding items of 22 cents per share, sharply lower than the $1.27 a share in earnings it reported a year ago.

Revenue plunged 48 percent to $2.7 billion from $5.22 billion in the year-earlier period.

However, the results beat expectations: Analysts had expected the company to report a quarterly loss excluding items of 35 cents a share on $2.66 billion in revenue, according to a consensus estimate from Thomson Reuters.

RIM has struggled to maintain its market share amid increased competition from smartphones that run on Google's Android software and Apple's iPhone. The decline in RIM's existing business and cash in recent years makes the release of the new BlackBerry 10 platform that is planned for early next year critical to the company's survival.
They didn't end the quater with 2.9 billion...

"Revenue in the quarter came in at $2.73 billion US"

Also, look at the 5 day trend on the stock, and come back and preach to me about this comeback.

Every single word of gossip uttered about this company causes the stocks to fall. They sure as hell have not gotten investor-confidence back..
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