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Research In Motion still faces worries on Wall Street about their earnings ... Smartphone News forum
Research In Motion to report earnings
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Research In Motion still faces worries on Wall Street about their earnings reports slated for Thursday afternoon despite the fact that both smart-phone makers warned of disappointing results two weeks ago.
Both Research In Motion -- maker of the BlackBerry -- and Palm are slated to report quarterly results after Thursday's closing bell.
For RIM, much of the bad news is already out. On Dec. 2, the company warned that both revenue and earnings for the third fiscal quarter would come in below analysts' projections. The company blamed a stronger U.S. dollar as well as the global economic slowdown, which has put a crimp in sales of wireless devices across the industry.
Wall Street currently expects RIM to post earnings of 81 cents a share on revenue of $2.8 billion, roughly in line with the company's preannouncement, according to FactSet Research.
Expectations still too high for RIM?
For the much-larger Research In Motion, all eyes will be on the company's forecast for the February quarter.
This will be the quarter that will show the full extent of the success -- or failure -- of the company's most ambitious product launch schedule to date. During the November period, RIM launched major new devices including the BlackBerry Bold, a fold-up device known as the Pearl Flip and the touch-screen BlackBerry Storm, which went on sale in the final days of the quarter.
it sounds like they did well and beat expectations. stock was up after hours...
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