Telecom & Wireless
Research-in-Motion Spanks Palm (RIMM, PALM, AAPL, T)
Published:
It was a toss-up last as to which was going to do better as a stock this quarter, but the after hours reactions to earnings isn’t even close. Palm (PALM-NASDAQ) is down to flat on worse guidance, and Research-in-Motion (RIMM-NASDAQ) is trading up at new all-time highs. Here is the side by side break-down:
PALM * RIMM
EPS vs. Est. $0.17 vs $0.15 * $1.20 vs $1.06
Revenues vs. Est. $401.3M vs $406.6M * $1.08B vs $1.05B
Revenue Guidance $355-365M vs $393M(e) * $1.3-1.37B vs $1.11B
Others sold 750,000 Treos * shipped 2.4M units, +1.2M to 9M
* subscribers; 3 for 1 Stock Split
Stock After-Hours -2% at $16.21 * +14% to $188+
The gap between the two look like it is going from big to bigger. As we see all of the media coverage tomorrow at AT&T stores over the Apple (AAPL-NASDAQ) iPhone launch, we’ll see if these price levels change.
Jon C. Ogg
June 28, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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