Research In Motion Lowers Q3 Expectations

I was just listening to SquakBox on CNBC and and it looks like Research in Motion’s quarter is going to be worse than they initially thought it would be.

RIM is expecting it’s quarterly earnings for Q3 which just ended last month to be between 81 and 83 cents per share.¬† That is down for the 89 to 97 cents per share that RIM guided at the beginning of the quarter.

The market hasn’t opened yet, however, RIM’s stock (RIMM) is down under $35 per share in after hours trading.

Comments

  1. bluehorseshoe says

    I saw the same thing on CNBC this AM. I’d be suprised if anyone forecasted higher than what was previously announced. These are interesting times.

Trackbacks

  1. [...] U.S., you might imagine that they’re not doing as well as expected. They’ve recently lowered expectations for the third quarter. If you’re interested in the exact numbers, they’re now forecasting earnings of between [...]

Leave a Reply

Your email address will not be published. Required fields are marked *