RIM Publishes 2nd Quarter Financials – 2.6 Million New Subscribers
RIM posted their financial numbers for the past quarter yesterday and things look good. On the other hand RIM came in below analyst estimates so investors are not all happy. I am not much for analyzing financial results so I will leave that to others. I will post some highlights below from Alley Insider comparing the actual results to analyst predictions. Its interesting to see that even though RIM reported a 72% increase in revenues their shares fell 16%. I love that number of 2.6 million new BerryReview readers BlackBerry users.
- Revenue: $2.58 billion vs. $2.60 billion consensus
- EPS: $0.86 vs. $0.87 consensus
- Net Sub. Adds: 2.6 million vs. 2.6 million (RBC, AmTech), 2.7 million (Citi)
- Device Shipments: 6.1 million vs. 6.1 million (AmTech, Citi), 6.3 million (RBC)
You can find the original release and a in depth analysis at these links:
- Marketwatch: Research In Motion Reports Second Quarter Results
- Alley Insider: RIM Blows Q2; Subscriber, EPS Guidance Weak; Shares Topple (RIMM)
- Guardian.co.uk: BlackBerry maker in profits shock
- Financial Times: RIM income soars on strong BlackBerry sales
Our friends at BlackBerryCool have been covering the hell out of the earnings call. Check it out at these links:
- RIM Q2 financials round up!!
- RIM Investors Conference Call (Live Blog)
- RIM Investor Conference Call: what Jim Balsillie said
- RIM stock plummeting in after hours trading
- RIM stock outlook: the day after
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Geez, miss by a penny and the stock price gets slaughtered! Time to buy???