Thursday, March 29, 2012

RIM reports Q4 miss; Balsillie resigns as director, CTO and COO both out

RIM reports Q4 miss; Balsillie resigns as director, CTO and COO both out

. With expectations at an all-time low and analysts lowering estimates left and right, Research In Motion on Thursday reported its results for the fourth fiscal quarter of 2012. RIM posted a surprising beat in the third fiscal quarter when it managed earnings of $1.27 per share on $5.2 billion in sales. At the same time, however, the Waterloo, Ontario-based BlackBerry maker issued worse than expected fourth-quarter EPS guidance of between $0.80 and $0.95, and it said revenue would likely fall between $4.6 billion and $4.98 billion.

Boy Genius Report

See also:
at2359, RIM reports Q4 miss; Balsillie resigns as director, CTO and COO both out

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