Live updates on Research In Motion's earnings

Research in Motion Ltd. reported third-quarter earnings Thursday that plunged the company’s stock about 7 per cent in after-hours trading. While revenue was up 24 per cent from last quarter, the governance and strategy changes many analysts were anticipating never came. RIM’s co-CEOs did announce they asked the company’s board to reduce their salaries to $1 a year. Re-read our live coverage of Thursday’s results and conference call below.

Welcome to our live blog of RIM's third-quarter earnings. Stay here for breaking news and analysis from Globe and Mail reporters.

by Danielle Webb 12/15/2011 9:02:07 PM
Hi everyone. We're waiting on RIM's third-quarter numbers, which should be coming in shortly.

by Omar El Akkad 12/15/2011 9:03:35 PM
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

by Darcy Keith 12/15/2011 9:04:23 PM
In the meantime, you can get up to speed with Iain Marlow's story from earlier today here: www.theglobeandmail.com

by Danielle Webb 12/15/2011 9:04:42 PM
What's consensus on earnings?

by Curmudgeon 12/15/2011 9:04:53 PM
Hi All. I'm Iain, a tech reporter with the Globe.

by Iain Marlow 12/15/2011 9:05:07 PM
Analysts are expecting a Q3 earnings decline of 32 per cent from a year ago, to $1.19 a share

by Darcy Keith 12/15/2011 9:05:36 PM
still profitable quarter ?

by test 12/15/2011 9:06:03 PM
Sales are expected to fall 4% to $5.3 billion

by Darcy Keith 12/15/2011 9:06:10 PM
odds of the company staying public? or will they buy shares up to take it private??

by mike 12/15/2011 9:07:41 PM
Most analysts are expecting results in line with what RIM pre-announced on Dec. 2, a release available here.

by Iain Marlow 12/15/2011 9:07:44 PM
Given RIM's dismal year, it's difficult to rule out anything at this point, but I have a hard time believing they're going to miss by much, given that they put out another profit warning (the third this year) just two weeks ago.

by Omar El Akkad 12/15/2011 9:09:26 PM
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

by Darcy Keith 12/15/2011 9:10:11 PM
What time are they releasing results?

by wcars0hq 12/15/2011 9:10:14 PM
Given RIM pre-announced I wonder if subscriber adds/takeaways will be a factor?

by Curmudgeon 12/15/2011 9:11:01 PM
Conference call schduled for 5 pm ET, so earnings will have to come out soon

by Darcy Keith 12/15/2011 9:11:27 PM
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.

by Omar El Akkad 12/15/2011 9:11:53 PM
Though I know this company looks like a falling knife, does anyone remember a company having this much revenue, no debt, and continued being in the black with a 3x earning multiple? As I said, yes, the fear of a continued spiral but assuming the company turns just a bit - you get a free company in 3 yrs.

by stu 12/15/2011 9:12:19 PM
well.....buy or sell frenzy on Friday???

by bruce the plumber 12/15/2011 9:13:55 PM
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.

by Iain Marlow 12/15/2011 9:14:17 PM
Re the comment about being the same price as in 2004, the same goes (roughly) for blue chippers like Sun and Manulife. All the more reason for Ottawa to change the last RRSP deposit date from 71 to 75 (at least!).

by Poppa John 12/15/2011 9:15:25 PM
Some small volumes of RIM stock being trading on Nasdaq after hours, now quoted at $15.44

by Darcy Keith 12/15/2011 9:16:14 PM
RIM beats, EPS $1.27

by Darcy Keith 12/15/2011 9:17:43 PM
Full release
www.marketwire.com

by Darcy Keith 12/15/2011 9:18:05 PM
Given what stu and Iain Marlow have said, once the dust has settled after this earnings release, a protective put might be a good play. Thoughts?

by David 12/15/2011 9:18:55 PM
RIM's numbers - hot off the wire mwne.ws

by RIM Junky 12/15/2011 9:19:18 PM
The 14.1-million BlackBerry shipments number is almost exactly the same as the same period last year.

by Omar El Akkad 12/15/2011 9:19:37 PM
Iain, to the average investor those look like good results, you think they'll be spun negatively somehow by the talking heads on CNBC, BNN etc?

by RIM holder 12/15/2011 9:19:39 PM
Stock turning lower in the after hours, now down 2.6%

by Darcy Keith 12/15/2011 9:20:32 PM
Market not liking guidance

by Darcy Keith 12/15/2011 9:21:27 PM
RIM moved just 150,000 PlayBooks in the quarter.

by Omar El Akkad 12/15/2011 9:21:35 PM
When are their big announcements scheduled for new products in 2012? Or has this been delayed along with everything else?

by JIT 12/15/2011 9:21:41 PM
Now down 3% to $14.67, new multi-year low, in the post market

by Darcy Keith 12/15/2011 9:22:27 PM
Any word on Blackberry 10 phone launch?

by Dave 12/15/2011 9:23:15 PM
RIM projects Q4 EPS of 80c to 95c

by Darcy Keith 12/15/2011 9:23:43 PM
So the big income adjustments are $54-million for the BlackBerry outage and $485-million for the PlayBook hit.

by Omar El Akkad 12/15/2011 9:24:24 PM
Q$ revenue guidance: $4.6-$4.9 billion.

by Darcy Keith 12/15/2011 9:24:32 PM
Has been traded down almost to 14.3, guess the guidance is the culprit now even with beat earnings. Guesses for tomorrow? There's gonna be a lot of open shorts that were a tick surprised.

by Earningis should arrive... 12/15/2011 9:24:37 PM
Selling momentum continuing, now down 4.3% to $14.48, new multi-year low

by Darcy Keith 12/15/2011 9:25:15 PM
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.

by Iain Marlow 12/15/2011 9:25:25 PM
After hours low so far $14.23

by Darcy Keith 12/15/2011 9:25:54 PM
Next quarter guidance is disappointing, $12 target reasonable for now

by Jack 12/15/2011 9:26:54 PM
Living in the Waterloo Region as I do, I can tell you we are all quite concerned about the future of the company. They employ close to 12,000 people in the area.

by Clancy 12/15/2011 9:27:11 PM
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. "

by Omar El Akkad 12/15/2011 9:27:17 PM
Selling continuing, now down nearly 7% to $14.08. Let's see if it breaks $14. Low so far, exactly $14

by Darcy Keith 12/15/2011 9:28:14 PM

Live updates on Research In Motion's earnings

Today's Must Reads

More from The Globe and Mail

Most Popular Stories

More Top Stories

Video

Photos

Add to Watchlist

We've run into a glitch. Please try again later.

We've run into a glitch. Please try again later.