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RIMM Surprises Investors

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December 19, 2008 |Comments: 0
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RIMM

Research In Motion (RIMM) forecasts higher sales for the fiscal fourth quarter as the BlackBerry maker sees more demand for its new consumer-targeted phones in the holiday season.

Shares are up more than 9% today.

For the fourth quarter, RIM projects sales between $3.3 billion and $3.5 billion with earnings at 83 to 91 cents per share. Analysts have forecasted earnings of 84 cents.

RIMM's adjusted net income for the fiscal third quarter stood at 83 cents per share, which was better than the lowered consensus. Revenue climbed to $2.78 billion.

Read the full analyst report on RIMM

 
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