Research In Motion Q3 Profits Rise to $90.4 Million
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RIM said the total number of BlackBerry subscribers increased by 387,000 from the second quarter to more than two million. &quot;RIM and its partners completed an extremely active quarter with a wide range of new
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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Research in Motionâs fiscal third-quarter profit more than doubled on strong demand for its BlackBerry smart phones and related services by consumers and businesses.
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T. Rowe Price announced solid third-quarter results.
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Swiss pharmaceutical giant Roche Group on Thursday announced third-quarter sales up 9 percent from the same period last year, driven by strong growth from its two leading cancer treatments.
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The company Friday said it expected to post a profit in the third quarter, thanks to Improved pricing and product mix and higher unit volume, reversing a year-ago loss.
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Swiss pharmaceutical giant Roche on Thursday announced third-quarter sales up 9 percent from the same period last year, driven by strong growth from its two leading cancer treatments.
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Research In Motion (RIMM ) posted second-quarter earnings per share of 36 cents, vs. 1 cent one year earlier, on a sharp revenue rise.
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Merck & Co  on Monday said its  third-quarter profit rose sharply, helped by sales of its  vaccines and cholesterol drugs, and raised its 2007 profit  forecast in view of strong current trends.
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Deutsche Bank said that its bottom-line earnings rose strongly in the third quarter, thanks to a partial improvement in underlying business and lower costs and risk provisions.
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Research In Motion Ltd., which makes the BlackBerry handheld device and other mobile products, on Thursday said its second-quarter profit rose significantly on improved sales.
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Earnings season is in full swing, and results this week from bellwethers like Google, Intel, and Nokia are fueling hopes for a strong fourth quarter while confirming the investor confidence that has led to a rebound in share prices of technology vendors.All eyes were on&#160;Google, which Thursday reported another stellar quarter. For the third quarter, net income was $1.07 billion compared with $733.4 million a year ago. Revenue leaped 57 percent to $4.23 billion. The company has made some investors nervous by expanding rapidly and spending a lot of money on acquisitions to fuel growth in new areas. However, its core search business manages to ward off the competition. Google shares jumped $6.14 to $639.62 right after its announcement.Google archrival&#160;Yahoo reported a 4.6 percent decline in third-quarter profit&#160;compared to a year ago Tuesday, but revenue climbed 12 percent to $1.76 billion. Company executives said they were weeding out poorly performing services and enhancing efforts in promising areas&#160;like ad-supported music services and e-mail offerings to small businesses. The company is also expanding efforts to support third-party developers with open APIs.Even though Yahoo has been blasted for its failure to steal search ad revenue from Google, investors and analysts appear to like its strategy. Citigroup maintained a &quot;buy&quot; rating on the company while RBC maintained an &quot;outperform&quot; rating. Yahoo shares jumped $2.13 to close at $28.82 the day after the report.The market might be tougher on Internet retailers. eBay reported Wednesday that revenue climbed 30 percent but that it suffered a loss because of a $1.39 billion charge for&#160;its acquisition of Internet phone pioneer Skype. Although the company raised its 2007 revenue target, investors apparently did not like the charge for Skype, which failed to make revenue goals. Shares of eBay lost $2.50 to close at $38.10 Thursday.In one of the most-anticipated results of the week,&#160;Intel got the earnings season off to a good start Tuesday, reporting revenue of $10.1 billion, a 15 percent increase year-over-year, while achieving net income of $1.9 billion, a whopping 43 percent increase. The price competition in the market is tough, but a jump in sales and a restructuring effort appears to be paying off. Intel jumped $1.24 to close at $26.72 the day after the report.AMD did not handle the price competition so well, however. Though it registered a 23 percent rise in sales, it posted another loss. Thursday,&#160;AMD reported that its net loss was $396 million, compared with a profit of $136 million in 2006.Reaction to IBM results were mixed Tuesday, when&#160;it reported profit of $2.36 billion, compared to $2.22 billion a year ago. Revenue was $24.1 billion, a 7 percent increase from last year. Though the numbers were better than expected, a disappointing 10 percent slip in hardware sales worried investors, who pushed down IBM shares Tuesday by $3.82 to close at $115.78.Nokia managed to offset declining prices of handsets with a jump in sales. Thursday it said that for the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, while sales rose 28 percent. Nokia shares closed Thursday at $37.64, up by $1.11.Concerns about the U.S. economy -- because of a declining housing market and an increase in mortgage defaults -- caused shares to tumble in July and August. But judging from results this week, IT vendors were not hard hit during the quarter and investors are likely to have high expectations for the rest of the year.
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3M Co , whose products range  from Scotch tape to optical films for liquid crystal displays,  on Friday posted a stronger-than-expected quarterly profit,  helped by strong demand in international markets.
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The oilfield services company said profit rose 35 percent to $1.35 billion in the third quarter, as strong demand in Latin America, Russia and Asia offset weakness in domestic markets.
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Research In Motion, maker of the popular Blackberry wireless communication device, reported a fivefold jump in third-quarter earnings fuelled by a hefty increase in subscribers
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The open-source software provider said that its third quarter profit rose as a surge in subscriptions helped offset increased spending on marketing and research.
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Research In Motion Limited (RIM) has reported the results of its most recent financial quarter. Both revenue and profits were higher than the previous quarter.