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September 28, 2012 12:08 am GMT
After a roller coaster of a week, RIM has just released its fiscal Q2 2013 financials and -- shocker -- they're not as bad as some thought. The Waterloo-based company reported a net GAAP loss of $235 million (which equates to $0.45/share diluted) on revenues of $2.9 billion, enough to beat analysts' grim expectatations.Given all that RIMs been through recently, its no surprise that analysts havent been very bullish on the company as per a Thomson Reuters poll, they expected the company to report a loss of $0.46/share on revenue of $2.48 billion. It's still not great news for the RIM, but it's a welcome change from its downright lousy earnings figures (net loss of $518 million on $2.8 billion in revenue) reported last quarter. What's more, it's the first time in three quarters that RIM has managed to bump its quarterly revenue.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O6X3eS1hghI/
RIMs Fiscal Q2 2013 Results: Net Loss Of $235 Million On $2.9 Billion In Revenue, 7.4 Million BlackBerrys Shipped
After a roller coaster of a week, RIM has just released its fiscal Q2 2013 financials and -- shocker -- they're not as bad as some thought. The Waterloo-based company reported a net GAAP loss of $235 million (which equates to $0.45/share diluted) on revenues of $2.9 billion, enough to beat analysts' grim expectatations.Given all that RIMs been through recently, its no surprise that analysts havent been very bullish on the company as per a Thomson Reuters poll, they expected the company to report a loss of $0.46/share on revenue of $2.48 billion. It's still not great news for the RIM, but it's a welcome change from its downright lousy earnings figures (net loss of $518 million on $2.8 billion in revenue) reported last quarter. What's more, it's the first time in three quarters that RIM has managed to bump its quarterly revenue.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O6X3eS1hghI/
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