Latest in Blackberry

Image credit:

RIM's earnings just shy of expectations, expects boost next quarter

Chris Ziegler

The latest quarter of earnings reported by RIM today was a bevy of pretty good news sprinkled in around one moderately negative piece -- quarterly revenue -- which missed the consensus estimate of $4.31 billion by about $230 million. Otherwise, though, the company set a new record for quarterly BlackBerry activations, raking in 4.9 million new accounts to bring the total to 41 million, and annual revenue grew 35 percent to $15 billion versus the year prior. Notably, co-CEO Jim Balsillie chimed in to say that the company is "off to a great start in fiscal 2011 and expect strong shipments, revenue, subscriber and earnings growth in Q1" to the tune of somewhere between $1.31 and $1.38 a share, which beats analyst estimates, so these guys must really like what they've got in store for the all-BlackBerry, all-the-time WES show in Orlando next month. That said, the company still closed down a little over a percent in trading today, so the bottom line -- missing your numbers for the quarter -- clearly counts for something.

From around the web

ear iconeye icontext filevr