Research In Motion Ltd. (RIMM) Down Big in the Aftermarket
BlackBerry maker Research In Motion Ltd. said Wednesday its fiscal fourth-quarter profit soared as sales jumped 66 percent, according to preliminary results pending a restatement of past finances.
The Waterloo, Ontario-based company also said it is now under a formal Securities and Exchange Commission investigation over its stock option granting practices. The company's shares plunged nearly 7 percent in after-hours electronic trading.
For the quarter ended March 3, the company earned $187.9 million, or 99 cents per share, up from $18.4 million, or 10 cents per share, during the same period in the previous year.
Revenue was $930.4 million, up from $561.2 million.
Analysts, on average, were looking for earnings of $1 per share on sales of $935.4 million, according to a poll by Thomson Financial.
The Waterloo, Ontario-based company also said it is now under a formal Securities and Exchange Commission investigation over its stock option granting practices. The company's shares plunged nearly 7 percent in after-hours electronic trading.
For the quarter ended March 3, the company earned $187.9 million, or 99 cents per share, up from $18.4 million, or 10 cents per share, during the same period in the previous year.
Revenue was $930.4 million, up from $561.2 million.
Analysts, on average, were looking for earnings of $1 per share on sales of $935.4 million, according to a poll by Thomson Financial.
Labels: Research in Motion Ltd., RIMM
posted by Stock Administrator @ 6:55 PM
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