Investing & trading with exchange-traded funds (ETFs) and closed-end funds (CEFs). Strategies & analysis but no buy or sell recommendations.

Visit SeekingAlpha ETFs

Research In Motion: Color on Earnings

Posted on June 26, 2008

I wanted to highlight a couple of broker comments on Research In Motion (RIMM) following last night's results:- RBC Capital notes that on product momentum (Curve, Bold) offsetting seasonality, Q2 guidance for $2.55-2.65B (86-93% Y/Y) was $100-150M above Street consensus. However, Q2 EPS guidance ($0.84-0.89) missed the Street consensus ($0.90) on higher than expected investments (operation expenses were up 26-28% Q/Q), RIM's first guidance miss after beating Street EPS for 5 quaters. Gross margin guidance was 50.5%, slightly below RBC at 51%....

Original article link


earnings , eps , momentum