RIMM- shows earnings of 0.20. Reuters got it wrong?
After the Bell-Research In Motion jumps after earnings
(Adds Research In Motion, updates prices)
NEW YORK, Dec 22 (Reuters) - Shares of Research In Motion
Ltd. (RIM) <RIM.TO><RIMM.O>, maker of the BlackBerry handheld
e-mail device, jumped after Monday's close after it reported
better-than-expected quarterly earnings.
Shares of RIM jumped as high as $54.70 on Instinet and then
retraced a bit to $52.65, still up sharply from their Nasdaq
close at $46.10.
After the close, RIM reported third-quarter earnings of
$16.3 million, or 20 cents a share, compared with a year-ago
loss of $92.8 million, or $1.21 per share. The results beat
Wall Street's average forecast. RIM also said revenue for the
quarter more than doubled to $153.9 million from $74.2
million.