RIM To Post First-Quarter Earnings Today

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RIM is going to post their first-quarter earning today at 5pm Eastern Time. Many analyst expect a strong quarter for the Waterloo company. Merrill, which rates the company at “buy” with a price target of $107, expects Research In Motion to earn 53 cents per share on sales of $450 million in the first quarter. The research firm expects first-quarter handheld shipments of 810,000, up 100,000 sequentially, at an average selling price of $374, with subscriber additions of 586,000, bringing the BlackBerry total user base to 3.1 million.

You can watch the live webcast of the conference call below:


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