Thursday, September 27, 2012

RIM’s Fiscal Q2 2013 Results: Net Loss Of $235 Million On $2.9 Billion In Revenue, 7.4 Million BlackBerrys Shipped

rim-grayAfter a roller coaster of a week, RIM has just released its fiscal Q2 2013 financials and -- shocker -- they're not as bad as some thought. The Waterloo-based company reported a net GAAP loss of $235 million (which equates to $0.45/share diluted) on revenues of $2.9 billion, enough to beat analysts' grim expectatations. Given all that RIM’s been through recently, it’s no surprise that analysts haven’t been very bullish on the company — as per a Thomson Reuters poll, they expected the company to report a loss of $0.46/share on revenue of $2.48 billion. It's still not great news for the RIM, but it's a welcome change from its downright lousy earnings figures (net loss of $518 million on $2.8 billion in revenue) reported last quarter. What's more, it's the first time in three quarters that RIM has managed to bump its quarterly revenue.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/O6X3eS1hghI/

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