RIM's Bull Ride Continues

Updated from 7:51 a.m. EDT

Shares of Research in Motion (RIMM Quote) surged toward $200 on Friday, stealing a small bit of thunder from Apple's (AAPL Quote) "iDay."

RIM was recently up $27.60, or 16.7%, to $193.19.

Late Thursday, RIM reported that first-quarter net income grew to $223.2 million, or $1.17 a share, from $129.8 million, or 68 cents a share. Earnings per share figures included stock-based compensation and shattered the company's guidance and analysts' consensus estimate of $1.06 a share. ...