RIM 3Q Profit Up 59 Pct On Record BlackBerry Sales
Peter Misek, an analyst with Canaccord Adams, said RIM exceeded expectations throughout, and worries among media and analysts were unfounded.
"It continues to execute strongly," Misek said. "They significantly exceeded all metrics."
RIM said fourth-quarter revenue is expected to be in the range of $4.2 billion and $4.4 billion, beating analysts' expectation of $4.1 billion. The company also said gross margin is expected to be at 43.5 percent and earnings per share in the range of $1.23 to $1.31 per share.
Shares jumped $7.75 to $71.21 in after-hours trading Thursday. Before the release of results, shares dropped $1.21, or 1.9 percent, to close at $63.46.
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