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Old 09-25-2008, 03:42 PM   #1 (permalink)
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Default RIM 2nd Quarter NI Up 72%, Shares Drop

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RIM earnings surge on BlackBerry sales

"SAN FRANCISCO (MarketWatch) -- Research In Motion net income soared 72% for its second fiscal quarter on strong sales of its BlackBerry wireless devices. However, the Waterloo, Ontario-based company shares dropped more than 15% in after-hours trading after the company also issued a weaker-than-expected earnings forecast for the current period -- suggesting that expenses will remain high as it tries to launch several new devices. "

Last edited by jessep28 : 09-25-2008 at 03:45 PM. Reason: Change Article Quote, Make URL a hyperlink
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