RIM (RIMM) Shareholders Have a Reason to Cheer... Kinda
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Research In Motion (Nasdaq: RIMM) shareholders have a rare smile on their faces Friday morning. Guess why?
It's because for the first time in recent memory the company didn't issue an intra-quarter profit warning. Yeah!
Overnight, RIM set the date for its fourth-quarter earnings report as March 29, 2012. The announcement didn't come with lower guidance or anything else scary.
All is not rosy, however, for the BlackBerry maker. With its third-quarter results back in December, RIM lowered its fourth-quarter expectations to $4.6 billion to $4.9 billion on the top-line and EPS to $0.80-$0.95.
Following quarter after quarter of disappointment and a deteriorating business, Wall Street is not even convinced the company can meet these numbers and the Wall Street consensus is $4.55 billion on the top-line and $0.82 on the bottom-line.
Maybe, just maybe, the company can beat the Street this quarter.
Shares of RIM last traded at $13.75 in pre-open action Friday, up 2.2 percent from Thursday's close.
It's because for the first time in recent memory the company didn't issue an intra-quarter profit warning. Yeah!
Overnight, RIM set the date for its fourth-quarter earnings report as March 29, 2012. The announcement didn't come with lower guidance or anything else scary.
All is not rosy, however, for the BlackBerry maker. With its third-quarter results back in December, RIM lowered its fourth-quarter expectations to $4.6 billion to $4.9 billion on the top-line and EPS to $0.80-$0.95.
Following quarter after quarter of disappointment and a deteriorating business, Wall Street is not even convinced the company can meet these numbers and the Wall Street consensus is $4.55 billion on the top-line and $0.82 on the bottom-line.
Maybe, just maybe, the company can beat the Street this quarter.
Shares of RIM last traded at $13.75 in pre-open action Friday, up 2.2 percent from Thursday's close.
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