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yep me too
Thx.....
Anybody having problems with Schwab Street Smart Pro ??
Research in Motion's sales and profits double
Results for the maker of the BlackBerry beat Wall Street's expectations and company raises guidance; stock spikes after-hours.
Research in Motion, the maker of the BlackBerry, reports strong fourth quarter results.
NEW YORK (CNNMoney.com) -- Research and Motion, the maker of the popular BlackBerry wireless device, said fourth-quarter profits and sales both doubled over the same quarter last year, thanks to strong gains in subscribers.
The results beat analysts' forecasts and the stock shot up more than 5% after-hours. The company also issued guidance for its first quarter that was better than Wall Street expected.
Sales grew 102% to $1.88 billion for the quarter that ended March 1. According to Thomson Financial, analysts were expecting revenue of $1.86 billion.
Net income rose 120% to $412.5 million, or 72 cents per share, beating the consensus estimate of 70 cents per share.
For the full fiscal year, the maker of the BlackBerry said revenue totaled $6 billion, up 98%, while net profits rose 105% to $1.3 billion.
Shares of Research in Motion (RIMM) have rallied sharply since late February after the company said that net subscriber account additions for the fourth-quarter would be 15% to 20% higher than the 1.82 million additions the company had previously expected.
The company hit the high end of that range, reporting 2.18 million new subscriber additions for the fourth quarter.
Jim Balsillie, Co-CEO at Research In Motion, boasted about the company's growth. He said in a statement that the company saw "net subscriber account additions growing more than 32% over the previous quarter and well over 2 million net subscriber accounts added in a single quarter for the first time." Research in Motion finished the quarter with more than 14 million subscribers.
Research in Motion also told Wall Street it expected its first quarter results to be much better than forecast. The company said sales should be in the range of $2.23 billion to $2.3 billion, well above analysts' expectations of $2.02 billion. Earnings should be between 82 cents and 86 cents a share, much higher than the 76 cents that analysts predicted.
Research in Motion's BlackBerry smartphone has been a hit with both corporate customers and consumers. But the company faces formidable competition from Apple (AAPL, Fortune 500) and its iPhone, Nokia (NOK) and Motorola (MOT, Fortune 500).
One analyst suggested that Research in Motion has been doing a better job of attracting retail customers lately though. And Balsillie admitted as much in the earnings release.
"Heightened retail activities helped drive exceptional subscriber growth during the fourth quarter," Balsillie said.
Historically, the subscriber breakdown for the BlackBerry is two thirds corporate versus one third consumer, said Nick Agostino, an analyst for Research Capital Corp., in a conversation prior to the earnings release Wednesday.
But Agostino added he thinks the split is now moving closer to 50-50 between corporate users and individual consumers.
Rest in peace my friend........you taught me so much.....since 2001.
Keep the board alive......that's the way he would have wanted it.
Make that BIDU the $380's it's been up all week. Did you sell it ?
canny
Didn't sell BIDU.....did you ?......hold on......$400 coming.
canny
Hold on to BIDU.........this time.
Hey stranger.......how goes it.
I'm taking it on the chin today.....GOOG, BIDU,AAPL,RIMM.....guess ya gotta give a little blood once in awhile.............[g]
Take care man.
Come on RIMM hang on.
AAPL.......running like the sweet pie it is...
Aaaahhhh..........no !!! [g]
What about BIDU..........$700. ????
BIDU.........the monster + $20............unreal.
BIDU.........$400. coming to a theater near you.
Born on the BIDU on its way to $400.
AD
Born on the BIDU ....+$13......gotta love it.
No I didn't.
I understand if you want in Alibaba you need to go through Hong Kong......you know anything about that ???
Maybe sooner......think they will split it ???
Next week Aliba goes public.....I'll be watching that one as well.
Now thats good news........RIMM
BIDU.....running nicely..... + $23.
Gotta wait cannabis .....long term capital gains....[g]
AD.....haven't sold a single share.....BIDU.
Only 4 should have been 400............[vbg]
Just put him on ignore....or better yet report his dumb @SS.
I have enjoyed your posts jeff for a long time....keep em coming.
BIDU.......to the shed.........I knew it. Pretty good report and still gets slammed.
Shoulda overnight it.......
Where's BIDU's earnings report ??????????
BIDU.....going red into the close.....not good.
I meant spoil my party.....[g]
But........my guess BIDU will spoil the party.
Orvis: I've got all my shares in the drawer....not selling. This China deal will be huge.....AAPL next in China with the I-Phone.
Thx Orvis....RIMM is rocking.
A sudden burst.......RIMM,AMZN,BIDU,.....ALL RUNNING
AMZN should beat....I'm more worried about BIDU this week. If they just meet stock will take a major hit....imo.
yep........but no split....maybe next quarter....+$10.
AAPL.....running
That would be sweet.