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:
DavidB Not Registered
Posted: September 26, 2008 at 1:30 PM EST from my BlackBerry 8830
Geez, miss by a penny and the stock price gets slaughtered! Time to buy???