“Research In Motion shares declined 5.6% to $69.88 in heavy volume following the Canadian company’s report that fourth-quarter earnings were $710.1 million, or $1.27 a share, compared with $518.3 million, or 90 cents a share, for the same period a year ago. Revenue at the BlackBerry mobile devices maker jumped 18% to $4.08 billion,” Mozee reports. “Analysts polled by FactSet Research were looking for $1.28 a share on revenue of $4.3 billion.”
“The company’s forecast for the first quarter came in above market consensus,” Mozee reports. “Research In Motion expects per-share earnings of $1.31 to $1.38 on revenue of $4.25 billion to $4.45 billion. Analysts currently expect earnings of $1.23 a share on $4.35 billion in sales.”
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In a brief blog post for The Wall Street Journal, Roger Cheng reports, “Research in Motion’s fourth-quarter results fell below expectations, cementing concern that its Blackberry phones are losing ground to higher profile Android phones and the Apple iPhone.”
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