This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Live Blog Recap: RIM Earnings

NEW YORK ( TheStreet) -- Research In Motion (RIMM) delivered unexciting fiscal first-quarter results after the bell Thursday.

The company posted adjusted earnings of $1.33 per share on sales of $4.9 billion, versus analyst expectations for a profit of $1.32 per share on revenue of $5.1 billion.

RIM, under siege in a hotly-contested mobile market, also lowered its outlook for the full year, predicting between $4.25 and $6 per share, down from $7.50

The pressure sits on RIM to prove that its sagging BlackBerry sales can at least keep up the fight until reinforcements -- new products -- arrive in what's been a losing battle against Apple's (AAPL - Get Report) iPhone and Google's (GOOG - Get Report) Android devices.

The one bright side: RIM shipped 500,000 of its PlayBook tablet devices, above analysts estimates of about 360,000.

Consequently, investors are left with few slivers of hope. Much of the remaining optimism is riding on the QNX operating system, software that's being designed for the next generation of supersmart RIM devices. Unfortunately for impatient investors, the QNX cavalry won't arrive until sometime next year, well after the onslaught.

Shares of RIM tumbled in after-hours trading, down nearly 15% to $30.10 at last check.

--Blog written by Scott Moritz and James Rogers in New York.



Follow the writers on Twitter at TheStreet_Tech

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $129.95 -0.45%
GOOG $539.29 0.99%
FB $80.45 0.20%
TSLA $248.35 -0.44%
YHOO $43.15 -0.46%

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs