Research In Motion (RIMM) Now Off 5% Following Q3 Results

December 15, 2011 4:23 PM EST
Selling in Research In Motion (Nasdaq: RIMM) is accelerating following Q3 results. Shares are now down 5%.

RIM reported Q3 EPS of $1.27, $0.08 better than the analyst estimate of $1.19. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $5.27 billion.

RIM sees Q4 sales $4.6-$4.9 billion and EPS of 80-95 cents. The Street is currently looking for quarterly sales of $5.12 billion and EPS of $1.18.


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