Friday, December 19, 2008

RIM Q3 as expected, but confidence is soaring | Wireless - CNET News

Very impressive, given the economic meltdown and endless press/blogosphere iPhone fawning

However, in a press release RIM said that "we have enjoyed our best ever start to the holiday buying season over the past few weeks," owing to the recent launches of the Storm and Bold. As such, it provided guidance well above what analysts were expected for the upcoming quarter.

RIM now expects revenue of $3.3 billion to $3.5 billion and earnings per share of 83 cents to 91 cents during the current quarter, far outdistancing analyst estimates of $3 billion in revenue and earnings per share of 83 cents.

RIM Q3 as expected, but confidence is soaring | Wireless - CNET News

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