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RIMM Earnings Decline, RIMM Profit Slashed

RIMM Earnings Decline, RIMM Profit Slashed

RIMM Earnings Decline, RIMM Profit Slashed
RIMM Earnings Decline, RIMM Profit Slashed

Research in Motion Ltd, RIMM reported decline in the net earnings of its first fiscal quarter, on the other side share price saw an upward trend i.e., 0.45 percent or 16 cents closed at $35.47. RIMM Earnings Decline, RIMM Profit Slashed.

reported a decline in its fiscal first quarter net earnings to $695 million, or $1.33 per share, from $769 million, or $1.38 per share a year earlier. During the quarter, revenue rose by 16 percent to $4.9 billion. Analysts had forecasted earnings of $1.32 per share on revenue of $5.15 billion for the company. For the full year ending February 2012, the company expects earnings to be in the range of $5.25 to $6 per share, down from its previous forecast of $7.50 per share.

RIMM Earnings Decline, RIMM Profit Slashed

eported a decline in its fiscal first quarter net earnings to $695 million, or $1.33 per share, from $769 million, or $1.38 per share a year earlier. During the quarter, revenue rose by 16 percent to $4.9 billion. Analysts had forecasted earnings of $1.32 per share on revenue of $5.15 billion for the company. For the full year ending February 2012, the company expects earnings to be in the range of $5.25 to $6 per share, down from its previous forecast of $7.50 per share

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