RIM earnings beat analyst expectations

Fri, Dec 17, 2010


With many folks believing the smartphone wars is being fought exclusively between Google and Apple, RIM isn’t going out without a fight. On the contrary, RIM’s earnings over the past quarter beat analyst expectations as the company recorded revenue of $5.5 billion and earnings per share of $1.74. The consensus on Wall Street was that RIM would deliver EPS of $1.65.

Reuters notes,

RIM said net profit jumped 45 percent in its third quarter as it leaned harder on growth from outside of North America. Its shares rose as much as 3 percent in after-market trade.

The Torch, which combines RIM’s trademark mini-keyboard with the glitzier touchscreen, shipped to more than 75 carriers in the quarter after an August launch with AT&T  in the United States. AT&T’s half-price promotion from early November also helped sales.


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