posted by Thom Holwerda on Thu 24th Sep 2009 22:53 UTC, submitted by haus
IconResearch In Motion said Thursday its earnings slipped 4% in its second fiscal quarter as a legal settlement charge offset strong sales of the company's popular BlackBerry devices. Shares of RIM fell more than 11% in late trading following the report and conference call. The company issued an outlook for the current period that was below Wall Street's expectations. Analysts also said the strong run-up on the stock price over the last few months made the company vulnerable to high expectations.
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