Friday, June 17, 2011

RIMM has disappointing earning report, stocks decreased

Research In Motion Ltd. shares were the centre of the after-hours Thursday trading session, decreasing as much as 15% after the BlackBerry maker’s fiscal first-quarter report in which it posted lower than anticipated results and also brought down its earnings expectation for its whole fiscal year.
RIM told that for the quarter finished May 28, it gained $695 million,or $1.33 a share, on revenue of $4.9 billion, compared with profits of $769 million, or $1.38 a share, on $4.2 billion in sales

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