Research In Motion (RIMM) Surges On Raised Subscriber Guidance

Shares of Research In Motion Limited (Nasdaq: RIMM) are up over 10% in pre-open action today after the company raised their net subscriber account additions for Q4.

Research In Motion now expects net subscriber account additions for Q4 to be approximately 15-20% higher than the 1.82 million net subscriber account additions forecasted by RIM on December 20, 2007. RIM said total BlackBerry subscriber account base is expected to be approximately 14 million at the end of the quarter.

RIM also said it continues to expect Q4 revenue and earnings per share to be within the ranges previously forecast in December. Revenue for the fourth quarter is expected to be in the range of $1.80 - $1.87 billion. Earnings per share for the fourth quarter are expected to be in the range of $0.66 - $0.70 per share diluted. The Wall Street consensus is $1.85 billion and $0.69.

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