Research in Motion Earnings Preview

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HFA Staff
Published on
Updated on

Looking at what analysts are anticipating on Research in Motion’s Limited (TSE:RIM) (NASDAQ:RIMM) first quarter results due out today after market hours, one word would perhaps sum up the consensus: R.I.P. The analysts’ consensus is that RIM could post a net loss, the first after 2004, of three cents per share on revenues of $3.1 billion. This compares very unfavorably with last year’s net earnings of $1.33 per share on a turnover of $5 billion. Here are some statistics on RIM’s flameout: This could likely be the fourth quarter on the trot when Blackberry revenues show declines y-o-y Shares have lost…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.