Welcome to our live blog of RIM's third-quarter earnings. Stay here for breaking news and analysis from Globe and Mail reporters.
Hi everyone. We're waiting on RIM's third-quarter numbers, which should be coming in shortly.
Hello everyone, I'm Darcy Keith, Web Editor with Globe Investor. i'm be providing updates on after hours trade and other insight from around the Web
Hi All. I'm Iain, a tech reporter with the Globe.
Analysts are expecting a Q3 earnings decline of 32 per cent from a year ago, to $1.19 a share
Sales are expected to fall 4% to $5.3 billion
RIM closed around $15.20 on Nasdaq, though we won't have the final settlement price for a little bit yet. That's up about 1% on the day
Conference call schduled for 5 pm ET, so earnings will have to come out soon
For what it's worth, RIM shares currently hovering around $15.15, which is the same price you would have paid if you bought them back in 2004.
Stu, Most analysts are pretty sure that RIM's stock hasn't hit bottom. One likened buying it to catching a "falling machete." That said, you're right about revenue and profit, which is obviously the fuel for those who are betting on a RIM turnaround.
Some small volumes of RIM stock being trading on Nasdaq after hours, now quoted at $15.44
The 14.1-million BlackBerry shipments number is almost exactly the same as the same period last year.
Stock turning lower in the after hours, now down 2.6%
Market not liking guidance
RIM moved just 150,000 PlayBooks in the quarter.
Now down 3% to $14.67, new multi-year low, in the post market
RIM projects Q4 EPS of 80c to 95c
So the big income adjustments are $54-million for the BlackBerry outage and $485-million for the PlayBook hit.
Q$ revenue guidance: $4.6-$4.9 billion.
Selling momentum continuing, now down 4.3% to $14.48, new multi-year low
RIM previously said it would sell less BlackBerrys in the fourth quarter, and that's going to be between 11 and 12-million, the company said, down from 14.1-million in Q3. That was one of the numbers analysts were looking for.
After hours low so far $14.23
Here's the outlook, from the earnings release: "Revenue for the fourth quarter of fiscal 2012 ending March 3, 2012 is expected to be in the range of $4.6-$4.9 billion. Gross margin percentage for the fourth quarter is expected to be approximately 38%. BlackBerry smartphone shipments are expected to be between 11 million and 12 million units. Earnings per share for the fourth quarter is expected to be in the range of $0.80-$0.95. "
Selling continuing, now down nearly 7% to $14.08. Let's see if it breaks $14. Low so far, exactly $14