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RIM Tastes New High
Updated from 7:43 a.m. EDT
Research In Motion(RIMM Quote) jumped nearly 20% Friday and was trading through a 52-week high a day after its third-quarter guidance blew past Wall Street's estimates.
RIMM's second quarter was also above expectations. In early Friday trading, the stock was soaring $17.20 to $103.26, putting it well above its best close of the past year at $90.53.
The Canada-based company reported a profit of $140.8 million, or 74 cents a share, up from last year's profit of $111.1 million, or 58 cents a share. Sales were up 34.4% to $658.5 million. ...
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