RIM Q1 Results Expected To Look Great!

By Bla1ze on 18 Jun 2009 07:39 am EDT
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RIM Q1 Information!

* Update: Earnings Announced - See Press Release >>

Later today RIM will be announcing their Q1 financial results ending May 30th, 2009. This time around the opinion of market analysts is on the side of RIM, whereas in the past this has not always been the case. Despite the fact that when RIM reported their Q4 results they had surpassed anyones expectations by adding 3.9 million subscribers at the time analysts were expecting to see a drop in sales due to the failing economy.

At the time, Jim Balsillie was quoted saying that he expected "to continue growing market share and profitability." and after the Q4 announcement RIM stated it was indeed well on it's way to make between 88 cents and 97 cents US a share in the current quarter, which ended May 30. These results today will show where RIM stands with their statement.

The earnings announcement will be made after the close of the market today. From there, a conference call and live webcast will be held beginning at 5 pm ET, which can be accessed by dialing 800-733-7571 or by logging on at www.rim.com/investors/events/index.shtml. A replay of the conference call will also be available at approximately 7 pm by dialing 416-640-1917 and entering passcode 21289979#. This replay will be available until midnight ET July 2, 2009.

Topics: News & Rumors

Reader comments

RIM Q1 Results Expected To Look Great!

6 Comments

Yup! Me too, be good to find out how RIM as a company is doing..more profit margins could lead to lower price points for devices to drive the market.

Made a killing shorting RIMM right after earnings came out. Nice little pullback if you could get in for a long term trade or investment. Up 10 cents from the close as of 6:15 PM. Bought back the sell off.

Still trading erratically as of now though. I think its a good buy for your long term portfolio. I wouldnt be buying as a quick 1-3 month trade though. The whole market is going to sell off again as there is nothing behind the recent increase to 8500ish in the DJIA and the 940 in the SP500. There are no fundamentals, no technicals, just buying buying buying and that is not a good thing.

Just a heads up for you guys who want to buy RIMM. I believe it will come down with the market soon. Not because RIMM isnt any good, but because of my above reasons. The market itself will pull RIMM down just like last year.