RiM Soars 6%, Constellation Rises on Outlook
Apr 03, 7:24 PM EDT |
|
| Research in Motion jumped after it reported better than expected earnings on higher than expected shipment of wireless communication devices. |
|
| Research in Motion, maker of popular wireless communication devices, surged after reporting sharply higher sales and earnings. The revenue rose 102% to $1.88 billion and net income increased 120% to $412 million. RiM shipped 4 million devices in the fourth quarter and 14 million in the fiscal year. Wine distributor reported a decline in sales and a loss after paying preferred dividend but forecasted higher than estimated profit for the current year. |
|
|
Full Story... |
UBS Surges 10% on $15 B Offering
Apr 01, 8:20 AM EDT |
|
| UBS pre-announced a loss of $12 billion and proposed to raise $15 billion through rights offering. |
|
| The second largest Swiss bank, UBS reported a sharply higher loss in the first quarter and proposed to raise $15 billion in rights offering. The pre-announced loss was larger than what market had expected. The losses and write-down in real estate loans amounted to $19 billion. Separately UBS announced that its long time chairman Marcel Ospel has resigned and is replaced by its general counsel. UBS also confirmed that it is losing clients and assets in its wealth management unit. |
|
|
Full Story... |
|
|
