rimm

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rimm

BlackBerry maker Research In Motion (RIMM: 64.0875 0.00 0.00%) beat its fiscal 4Q EPS estimates by 2 cents per share, but missed slightly on quarterly revenues and offered guidance well below the current consensus. This has sent RIMM shares down nearly 10% in after-market trading. Research In Motion posted earnings of $1.78 per share in the quarter, topping the $1.76 estimate. But its $5.6 billion in revenues missed expectations for $5.64 billion. Far more damaging, however, was the company’s reported guidance for 1st quarter earnings. It posted an expected range of $1.47-1.55 per share, below the $1.65 consensus. Shares had been enjoying a moderate upsurge of 3.17% ahead of its earnings report after the bell Thursday, as regular trading on the Nasdaq in general was positive. And analysts had been exceedingly more upbeat about RIMM’s results in the past month — 5 upward revisions had been made in the past 30 days alone, 2 in the past week.

 

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