WATERLOO, Ontario (TheStreet) -- Research In Motion (RIMM) is anticipating first-quarter earnings that are roughly in line with Wall Street estimates after posting a sharp rise in first-quarter earnings.
Research In Motion expects second-quarter earnings of $1.33 to $1.40 a share on revenue of $4.4 billion to $4.6 billion, compared with the Wall Street average estimate of $1.31 a share on revenue of $4.5 billion.
For the first quarter, the company posted net income of $768.9 million, or $1.38 a share, compared with net income of $643 million, or $1.12 a share the previous year. Revenue was $4.24 billion, compared with $3.42 billion in the same quarter of last year. Analysts, on average, were expecting earnings of $1.34 on revenue of $4.35 billion.
-- Reported by Andrea Tse in New York
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