TheStreet live-blogged the Research In Motion (RIMM) fiscal fourth-quarter earnings release and analyst conference call after the bell Thursday.
But as business in the U.S. weakens, sales abroad have grown. RIM's fourth-quarter report reflected these trends: The BlackBerry maker beat analyst estimates for adjusted earnings, posting $1.78 a share vs. the expected $1.76. As for quarterly revenue, RIM posted in-line numbers at $5.56 billion, up from $4.08 billion a year ago.During the company's conference call with analysts, RIM execs warned of lower revenue for the quarter, with co-CEO Jim Balsillie emphasizing a "time of cutting over" as the firm gets set to release its new, enterprise-minded tablet, the Playbook. "It's a time of enormous investment and transition," said Balsillie. "[It arrives] in Q2 -- if life was perfect, I'd pull it in [by] three months, but we can't." RIM announced that the PlayBook will run on the firm's own QNX software, and will feature support for Android apps. RIM's stock plunged in after-hours trading Thursday finishing down 10.5% at $57.33 on volume of nearly 10.1 million. -- Blog written by Scott Moritz in New York and Chris Stuart in Boston.
>To follow the writers on Twitter, go to http://twitter.com/TheStreet_Tech. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV