Research In Motion Ltd. (RIMM) Sales Double
BlackBerry maker Research In Motion Ltd. broke through the 10 million subscriber mark at the end of the second quarter and is expecting the growth in accounts to accelerate as the company targets the consumer market.
The Waterloo, Ontario-based smart phone maker said Thursday that its profit and revenue more than doubled in the period, and results should be better than expected for the rest of the year.
RIM earned $287.7 million, or 50 cents per share, in the quarter ended Sept. 1, up from $140.2 million, or 25 cents per share, in the same period a year earlier. Revenue more than doubled to $1.37 billion from $658.5 million.
Analysts surveyed by Thomson Financial were expecting, on average, a profit of 50 cents per share on revenue of $1.36 billion.
The Waterloo, Ontario-based smart phone maker said Thursday that its profit and revenue more than doubled in the period, and results should be better than expected for the rest of the year.
RIM earned $287.7 million, or 50 cents per share, in the quarter ended Sept. 1, up from $140.2 million, or 25 cents per share, in the same period a year earlier. Revenue more than doubled to $1.37 billion from $658.5 million.
Analysts surveyed by Thomson Financial were expecting, on average, a profit of 50 cents per share on revenue of $1.36 billion.
Labels: Research in Motion Ltd., RIMM
posted by Stock Administrator @ 9:51 AM
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