Research in Motion (RIMM Quote) will be in focus Thursday when the BlackBerry maker reports quarterly earnings results late in the day.
RIM is expected to notch a fiscal first-quarter profit of 94 cents a share on sales of $3.43 billion, according to a Thomson Reuters survey. That compares to a profit of 90 cents a share in the previous quarter and 84 cents a share in the year-ago quarter.
RIM shares have surged 90% in 2009, although as senior writer Scott Moritz points out, the May quarter has been one of the most wildly unpredictable periods. RIM had its biggest miss of the past two years last May, falling about 2% short of analysts' targets. But in the prior May, RIM delivered its biggest positive surprise, blowing past analysts' earnings targets by 10%. ...
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