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Research in Motion blows past estimates

Posted Apr 2nd 2009 5:20PM by Michael Fowlkes (RSS feed)
Filed under: Major Movement, Earnings Reports, Forecasts, Good news, Competitive Strategy, Research in Motion (RIMM)

Shareholders of Research in Motion (NASDAQ: RIMM) are certainly having a good afternoon, as the stock has surged over 20% in after hours trading following stronger than expected quarterly earnings.

As Latif Lewis pointed out in this earnings preview, RIMM was expected to show earnings of 84 cents per share for its fiscal fourth quarter. This afternoon, the company shattered those estimates by posting earnings during the quarter of 90 cents per share.

Continue reading Research in Motion blows past estimates

RIMM is in motion after hours

Posted Dec 21st 2006 4:30PM by Michael Fowlkes (RSS feed)
Filed under: After the Bell, Major Movement, Good news, Research in Motion (RIMM)

Research in Motion (NASDAQ: RIMM) has traded up a nice 6.0% in early after hours trading after the company posted better than expected earnings this afternoon.

The company reported strong sales of it's handheld devices which resulted in a 47% profit growth when compared to the same period last year. The company reported earnings of $170 million compared with $120 million last year as the company was able to pick up 875,000 new subscribers as demand for their BlackBerry devise continues to be hot.

Analysts had expected to see the company report $0.94 per share in earnings but the company actually posted earnings of $0.95 after adjusting for stock option expenses.

After finishing out the day down 0.8% to 133.70 the stock is currently up $8.00 in after hour trading.