Thursday, September 15, 2011

RIMM misses earnings...

Research In Motion (RIMM): FQ2 EPS of $0.80 misses by $0.07. Revenue of $4.17B (-10% Y/Y) misses by $300M. Company expects FQ3 revenue of $5.3B-$5.6B and EPS of $1.20-$1.40, compared with consensus of $5.27B and $1.36. Expects FY12 EPS at low end of prior range of $5.25-$6.00, but above $5.10 consensus.

The company said 10.6M BlackBerrys shipped during quarter, below expectations of 11M-12.5M. 200K PlayBook tablets shipped, below a Bloomberg consensus of 490K. 13.5M-14.5M BlackBerry shipments expected for FQ3, slightly below Street expectations of 14M-15M.

RIMM is trading down 5 points to 24.54 in the after hours market.

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