National Bank Downgrades Research In Motion Ltd. (RIMM) to Underperform
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RIM (RIMM) Put Through the Shredder on Service Revenue Worries
December 21, 2012 12:44 PM ESTShares of Research In Motion Ltd (NASDAQ: RIMM) are under heavy pressure Friday despite third quarter results that topped tepid analyst expectations. Instead of looking at this quarter, investors turned their focus to declining service revenue with the coming launch of BB10 and were quick to lock in recent gains as expectations for the new operating system may have gotten ahead of itself.
With service revenues accounting for 36 percent of overall sales, it is no surprise that comments from the company that... More
RIM (RIMM) Service Revenue Will Decline, Not Disappear Stresses Goldman
December 21, 2012 11:49 AM ESTShares of RIM (NASDAQ: RIMM) declined this morning on fears related to changes in its service revenue model for BB10. Goldman Sachs believes the decline is a result of "misunderstanding". Analysts expect it to decline, not disappear.
"Importantly, we believe there may be a misunderstanding that as a result of the move to BB10, all of RIM's services revenues are... More
RIM (RIMM) Goes For Broke With BB10
December 21, 2012 7:30 AM ESTResearch In Motion Ltd. (NASDAQ: RIMM) stock is expected to open lower on Friday after the release of the company's Q3 earnings report. Despite a solid quarter, investors focused their attention on news of lower enterprise service tier and fears that RIM will not receive monthly services revenues for consumer BB10... More
CLSA Downgrades Research In Motion Ltd. (RIMM) to Sell
December 21, 2012 7:09 AM ESTCLSA downgraded Research In Motion Ltd. (NASDAQ: RIMM) from Underperform to Sell.
For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news... More
RIM (RIMM) Q3 Loss Smaller as Cash Pile Grows; Co. Gears up for BB10
December 20, 2012 4:45 PM ESTResearch In Motion's (NASDAQ: RIMM) stock moved higher in after-hours trading on Thursday, following the release of the company's Q3 earnings report. Ahead of the launch of its critical BB10 device next year, investors are closely monitoring RIM's cash position, which for the time being appears stable. In fact, RIM's cash position increased $600 million to $2.9... More
UPDATE: Research In Motion Ltd (RIMM) Tops Q3 EPS by 13c
December 20, 2012 4:12 PM EST(Updated - December 20, 2012 4:14 PM EST)
Research In Motion Ltd (NASDAQ: RIMM) reported Q3 EPS of ($0.22), $0.13 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.66 billion.
Cash increase of approximately $600 million to $2.9 billion.
... More
