RIM’s earnings miss Street’s estimate, tanks after hours

It looks like RIM is one of the first to announce not-so-great news about its second quarter performance, but will it be a continuing trend in the mobile industry in general? We discussed this before and all you readers chimed in, but no one expected it to come so soon. Research In Motion (RIMM) has missed its forecasted earnings by $20 million and Earnings Per Share by a penny. It’s currently down over 20% in after hours trading at the time of this post. With the delay of launching the Bold in the U.S., the Pearl 8220 somewhere on the horizon, and the Storm arriving before Thanksgiving, will it be possible to gain a little boost in the number of net subscribers?

Read

blog comments powered by Disqus