Its all about Research In Motion (RIMM) Today
Research In Motion Limited (NASDAQ:RIMM) reports after the close today and is expected to earn 85 cents per share on revenue of $2.27 billion for its fiscal first quarter. Can the Blackberry take RIMM shares a new 52-week high?
Wall Street has high expectations for RIMM, they believe the company will report a solid first quarter while preparing to release a flurry of new products in the coming months to ensure its dominance in the business-oriented smart phone market.
RIMM shares are down a bit this morning after some comments from RBC, but the real deal is the Q1 2009 Earnings Conference Call this afternoon. 5:00PM ET Add to calendar
Place your bets gentlemen.
Recent Analyst Take:
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1998 revenue $21 million ...
1998 revenue $21 million ... 1999 $47.5 million ... 2000 $85 million ... 2001 $221.3 million ... 2002 $294.1 million ... ... 2008 $2.27 billion! Revenue just about doubles every year.
http://www.fundinguniverse.com/company-histories/Research-in-Motion-Ltd-...