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RIM Rejoices

Stock quotes in this article: RIMM  

Updated from June 29

Shares of Research In Motion (RIMM Quote) rose Friday after the company said the previous day that it topped first-quarter earnings and subscriber growth predictions.

Per-share earnings in the quarter topped the Street's estimates by 2 cents a share. The company added 680,000 new BlackBerry subscribers in the quarter, about 5,000 more than it predicted.

Despite those achievements, the company's earnings fell year-over-year. And it predicted that second-quarter results will likely fall shy of analysts estimates. ...

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