Research In Motion Reports Fourth-Quarter Lost, Future Outlook Still High

RIM reported a fourth-quarter loss for it’s Fourth Quarter as growing sales of its BlackBerry wireless e-mail device were offset by the $450 million settlement of its patent infringement lawsuit with NTP Inc. RIM reported a loss of $2.6 million, or 1 cent per share, in the fourth quarter ending Feb. 26. Adjusted to exclude the settlement costs and other one-time items, RIM reported net income of 71 cents a share. This comes as great news to the Waterloo-based company which beat Wall Street expectations of 65 cents per share.

Total subscribers have passed the 2.5 million mark, reaching 2.51 million from 1.07 million at the end of the last fiscal year.

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2 Responses to “Research In Motion Reports Fourth-Quarter Lost, Future Outlook Still High”

  1. 1 Roberto Pedone

    Great news are you kidding me? The stok is down 6% and the guidance was below expectations, which shows that even RIMM is concerned about the competition. Great news is really not the way you should have worded that. If it was great news the stock would be up $5.

  2. 2 Gillian

    The news was reported after the market-closed, tomorrow will be the test to see how the market reacts.

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