Research in Motion (RIMM)

Research in Motion reported for the 3rd-quarter 2009 earnings of $628.4 million, or $1.10 per share, on sales of $3.92 billion. That compares to the prior year earnings of $396.3 million, or $.69 per share, on sales of $2.78 billion.
Earnings per share for the fourth quarter are expected to be in the range of $1.23-$1.31 per share diluted. "We are pleased to report record shipments of more than 10 million BlackBerry smartphones during the third quarter with higher than expected revenue, earnings and subscriber growth," said Jim Balsillie, Co-CEO at Research In Motion. "RIM is experiencing a great start to the holiday buying season and the strong Q3 results and Q4 outlook clearly reflect the strength of our diversified product portfolio as well as the success of our efforts to expand into broader customer segments and new geographies while maintaining our strong position in North America."

Dec 18 · 2:16:00 PM · Source: Company Press Release
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by Rich Pike