RIM Earnings Fall on Settlement Charge; Sales Jump

Research 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.


  1. 2009-09-24 11:58 pm
    • 2009-09-25 5:57 am