Research In Motion Stock Jumps 17%
Jun 28, 9:45 PM EDT |
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| Maker of BlackBerry reported first quarter earnings of $1.17 per share in its first quarterly revenue of $1 billion. |
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| Research In Motion reported fiscal first quarter profit of $1.17 per share on revenue of $1.08 billion. The company reported earnings exceeding market expectations and decided to split 3 to 1. The company also guided that in the secod quarter earnings will be between $1.37 and $1.49 per pre-split share. Gross marging declined to 51.8% from the high of 55% from a year ago. The company expects to ship more than 2 million devices in the second quarter. |
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