Research in Motion (RIMM) has been in slow motion when it comes to smartphones and tablets. However, today they made new strides on sales of Blackberry Curve and Torch.
Earnings: Increased by 44% to $1.74 per share, or $911.1 million, compared to $1.10 per share, $628.4 million, in the same period a year ago.
Revenue: Increased 40% to $5.49 billion.
Actual Versus Wall Street Expectations: RIMM beat the consensus analyst earnings expectation of $1.64 by $0.10. Revenues beat the expected $5.4 billion revenue estimate (Thomson Reuters).
Notable Stats: Research in Motion delivered 14.2 million smartphone units this quarter and added 5.1 million net subscribers.
Outlook: RIMM said future revenue will be between $5.5 billion and $5.7 billion, with earnings between $1.74 and $1.80 per share. That’s above Wall Street’s expectation for $5.47 billion in revenue and earnings of $1.61 per share.
Commentary: Shares of RIMM have been trying to get their groove back after Apple (AAPL) and Google (GOOG) have eaten their lunch with the iPhone, iPad, and Android devices. Currently, Research in Motion’s share price is still being held beneath the 50 and 200 DMA.
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Disclosure: No position