Saturday, September 29, 2012

RIM Earnings! - Business Insider

By Justin Sullivan/Getty Images

CEO Thorsten Heins

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RIM's earnings are out!

It's a rare beat for Research In Motion.

Revenue was $2.9 billion versus $2.47 billion expected. Adjusted EPS was -$0.27 versus -$0.47 expected.

It shipped 7.4 million BlackBerrys versus expectations of 7.8 million.

The stock is soaring after-hours, rising as much as 16%.

RIM's brought in $432 million in cashflow from operations for the quarter. Its total cash is $2.3 billion, a $100 million increase.

Source: http://www.businessinsider.com/rim-earnings-2012-9

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