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Research In Motion (RIMM): FQ2 EPS of $0.80 misses by $0.07. Revenue of $4.17B (-10% Y/Y) misses...

Research In Motion (RIMM): FQ2 EPS of $0.80 misses by $0.07. Revenue of $4.17B (-10% Y/Y) misses by $300M. Company expects FQ3 revenue of $5.3B-$5.6B and EPS of $1.20-$1.40, compared with consensus of $5.27B and $1.36. Expects FY12 EPS at low end of prior range of $5.25-$6.00, but above $5.10 consensus. RIMM -10.5% AH. (PR)
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Comments (3)
  • BigJ1260
    , contributor
    Comments (206) | Send Message
    This dog is done
    Can't wait to hear the big spin for next Qtr. from the 2 Bozos
    2011 Fiscal for Q2 and Q3 $1.46 and then $1.74 respectively


    They just hit $0.80c for this Q2-- and yet say they will maintain at $1.20 to $1.40 for this coming Q3 = How is that 62.5% increase going to happen exactly ??


    No new products and the products they just shipped to hit $0.80c in Q2 are not selling thru to create new re-orders and now iPhone 5 monster launches in 2-3 weeks


    Ouch !!!


    Get out now
    15 Sep 2011, 04:32 PM Reply Like
  • laogao
    , contributor
    Comments (88) | Send Message
    Wait for a dead cat bounce, then buy January puts?
    Somehow this stock appreciates between earnings announcements, and every time I'm afraid to use puts 'cos I think there'll finally be something positive. I mean, how many quarters in a row can they get earnings so wrong?
    15 Sep 2011, 11:02 PM Reply Like
  • balan
    , contributor
    Comments (52) | Send Message
    meanwhile items shipped are hardly items sold.
    16 Sep 2011, 08:31 AM Reply Like
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