BlackBerry Company RIM Turns Big Profit, But Outlook Disappoints Analysts

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First Posted: 06-25-08 06:08 PM   |   Updated: 07- 3-08 05:12 AM

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Reuters:

TORONTO (Reuters) - Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz)(RIMM.O: Quote, Profile, Research, Stock Buzz) reported a higher first-quarter profit on Wednesday as it continued to sign up subscribers for its BlackBerry smartphones at a rapid clip, but its shares dropped 8 percent in late trading as the results and outlook fell short of analyst expectations.

RIM said it earned $482.5 million, or 84 cents a share, in the three months ended May 31. That was up from a profit of $223.2 million, or 39 cents a share, a year earlier.

Read the whole story: Reuters

TORONTO (Reuters) - Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz)(RIMM.O: Quote, Profile, Research, Stock Buzz) reported a higher first-quarter profit on Wednesday as it continued ...
TORONTO (Reuters) - Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz)(RIMM.O: Quote, Profile, Research, Stock Buzz) reported a higher first-quarter profit on Wednesday as it continued ...
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