Looks like the market didn’t take too kindly to their “Q3 and Q4 will be huge” spin on their Q2 financial numbers. RIM posted a net-income of $495.5 million, or $0.86 per share diluted, RIM missed earnings per share estimates by $0.01 and gross earnings by $20 million.
In after-hours trading, RIM’s stock has slid from $97.53 at trading close to $78.10 at the time of this writing, a drop of roughly 20 points!
We’ll see if the market recovers from the initial shock once Bold sales pick up and the BlackBerry Storm is released.
