RIM earnings: Revenue light, outlook strong

Summary:Research in Motion reports a solid forth quarter, but it falls short of Wall Street's lofty expectations. BlackBerry shipments surge.

Research in Motion's quarter was solid, but fell short of Wall Street's lofty expectations. International sales were strong, but revenue and earnings fell short of expectations. RIM's outlook was upbeat for the first quarter.

The company reported net income of US$710.1 million, or US$1.27 a share, up from earnings of US$518.3 million, or 90 cents a share a year ago. Revenue was US$4.08 billion, up 18 percent from a year ago. The problem: for the fourth quarter, RIM was expected to report earnings of US$1.28 a share on revenue of US$4.31 billion (statement).

On the bright side, RIM's gross margins of 45.7 percent were well above expectations of 43 percent.

Read more of "Research in Motion earnings: Revenue light, outlook strong; BlackBerry shipments surge" at ZDNet's Between the Lines.

Topics: IT Employment

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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