Research In Motion Ltd. (NASDAQ:RIMM) posted earnings with Net Income of $370.5 million, or $0.65 per share diluted on $1.67 Billion in revenues. First Call had estimates pegged at $0.62 EPS on revenues of $1.65 Billion. Its own guidance had been for $0.59 to $0.63 on $1.6 to $1.67 Billion in revenues.
It added 1.65 Million BlackBerry subscribers and over 3.9 million devices were shipped during the quarter to end with approximately 12 million subscriber accounts.
RIMM is guiding next quarter to $0.66-0.70 versus $0.65 estimates, and revenues were guided to $1.80 to $1.87 Billion versus estimates of $1.75 Billion.
Shares are trading north of $8.00 higher to $115.50 in after-hours trading, and that is after a 4.8% gain to $106.99 in normal trading. We had noted that options traders were braced for this to move up to $8.50 or $9.00 in either direction in our preview.
We’ll have to see if this changes in the conference call.
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