Shares of Research In Motion (RIMM) Slammed on Q4 EPS Warning
Tweet
Share
E-mail
Get Alerts RIMM Hot Sheet
Join SI Premium – FREE
Shares of Research In Motion (Nasdaq: RIMM) are tumbling this morning following an update on its Q4 subscriber forecast and financial outlook. The stock is currently trading around $50.15, down more than 12% from yesterday's close.
Research In Motion said that, despite an expected 20% jump in net subscriber account additions, it expects to report Q4 gross margins and EPS at the low end of the company's previously issued guidance. The BlackBerry maker also reaffirmed its Q4 sales outlook, but traders are selling the stock on the EPS warning this morning.
Click here to see StreetInsider.com's full report on the Research In Motion news.
UPDATE: the stock's decline has intensified during today's trading session: shares of RIM are now down nearly 18% to under $47.
Research In Motion said that, despite an expected 20% jump in net subscriber account additions, it expects to report Q4 gross margins and EPS at the low end of the company's previously issued guidance. The BlackBerry maker also reaffirmed its Q4 sales outlook, but traders are selling the stock on the EPS warning this morning.
Click here to see StreetInsider.com's full report on the Research In Motion news.
UPDATE: the stock's decline has intensified during today's trading session: shares of RIM are now down nearly 18% to under $47.
You May Also Be Interested In
- Dynex Capital prices $120M preferred stock offering at 9.375%
- Lennar Corp. (LEN) Misses Q3 EPS by 10c
- Vicor raises Q3 2026 revenue guidance on new licensing deal
Create E-mail Alert Related Categories
Guidance, Insiders' BlogRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
