RIM beats Q3 earnings; Q4 guidance worse than expected

Research In Motion on Thursday reported earnings for the third quarter of fiscal 2012. The struggling smartphone vendor announced earlier this month that it would miss its third-quarter guidance of between $5.3 billion and $5.6 billion in revenue, and it said EPS would likely be in line with the low end of its earlier guidance. The numbers are now in, and RIM pulled in $5.2 billion last quarter while recording earnings of $1.27 per share, or $667 million, beating its lowered guidance. RIM shipped 14.1 million smartphones in the third quarter, in line with its guidance of�between 13.5 million and 14.5 million units, and sell-through came in below expectations at 13 million units. Net income dropped to $285 million from

Source: http://www.bgr.com/2011/12/15/rim-reports-q3-earnings-beats-lowered-guidance/

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