Shares of Research In Motion (RIMM) Slammed on Q4 EPS Warning

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.

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