[http://www.blogcdn.com/www.engadget.com/media/2011/12/rim-earnings-report-q3-2011.jpg](http://www.engadget.com/2011/12/15/rim-reports-q3-2011-earnings-5-2b-revenue-265m-net-income-an/)
News out of Waterloo isn't all bad today, as Research in Motion has revealed its financial results for the third quarter of 2011. While the company previously had to scale back its earlier earnings projections of $5.6 billion in the quarter, it's apparent the firm came close to meeting that mark. After close of the markets today, RIM reported $5.2 billion in revenue with $265 million in net income and 14.1 million handsets shipped. The company was only able to eke out 150,000 PlayBook tablets during this time frame, however, which no doubt contributed to these reduced numbers. Unfortunately, the market hasn't taken so kindly to the revelation, as RIM's stock has fallen seven-percent in after hours trading. In a small bit of positive news, the firm reports that its subscriber count is up 35-percent year-over-year, which now totals 75 million subscribers. Looking forward, the company expects to bring in between $4.6 and $4.9 billion in revenue for the next quarter, where it hopes to ship between 11 and 12 million units.
*Developing ...*
RIM reports Q3 2011 earnings: $5.2b revenue, $265m net income and 14.1 million handsets shipped originally appeared on Engadget on Thu, 15 Dec 2011 16:47:00 EDT. Please see our terms for use of feeds.
Permalink |
http://www.blogsmithmedia.com/www.engadget.com/media/post_label_source.gif