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High Bar Hits RIM
Updated from 4:55 p.m. EDT
Shares of BlackBerry maker Research In Motion(RIMM Quote) dipped as the company failed to blow past analysts' expectations for the second quarter -- even as it guided higher for the current quarter.
Investors, who have come to expect surging quarterly growth from RIM on cue, sold the stock in after-hours trading. Shares of RIM were off $1.90, or 1.8%, to $98.64 in recent extended trading.
Net income for the second quarter was $287.7 million, or 50 cents a share, up from net income of $140.2 million, or 25 cents a share, in the same quarter last year. ...
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