Research In Motion (RIMM) shares are trading higher ahead of the company’s announcement after the close of results for its fiscal second quarter ended in August.
In June, RIMM had forecast revenue for the August quarter of $2.55 billion to $2.65 billion, with 2.6 million net subscriber adds and profits of 84-89 cents a share. The company forecast gross margins for the quarter of 50.5%, down slightly from 50.7% in Q1. The current Street consensus is for $2.6 billion in revenue and 87 cents a share. For the November quarter, the Street expects $2.94 billion and 98 cents. The consensus for the February 2009 fiscal year is $11.05 billion and $3.80. RIMM today is up $3.35, or 3.5%, to $100.06. Note that the stock has dropped close to 15% since the last earnings report.
Thru our eyes we see the World
-
My eyes are my history. They contain the archives of all my memories. Eyes
wide open or shut tight, I can still see them, the faces and places I have
loved...
Posts
No comments:
Post a Comment