RIM 3Q earnings more than double
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Research in Motion Ltd.'s 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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Goldman Sachs Group Inc. , the world's largest investment bank, said on Tuesday quarterly earnings nearly doubled on strong growth in almost every business, but some investors questioned whether the company can keep up the pace.
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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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Research in Motion (nadsaq: RIMM - news - people ) will announce second-quarter results. The maker of Blackberry handheld devices is expected to report quarterly earnings of 43 cents per share on revenue of
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The drugmaker posted third-quarter net income of $1.53 billion as revenues increased by double digits, while lower  costs offset more spending on research and development.
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Research In Motion reported a sharply higher third-quarter profit on Tuesday as sales more than doubled on sizzling demand for its BlackBerry wireless e-mail device.
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Research In Motion Ltd.    reported a higher than expected second-quarter profit  on Thursday, as the addition of about 705,000 BlackBerry  subscriber accounts helped boost revenue by 34 percent.
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IBM and the rest of the tech industry might have a better year than most onlookers expected. IBM's third-quarter earnings rose 15% from a year earlier, to &#36;1.17 a share, excluding a one-time &#36;320 million charge to settle a lawsuit over its pension plan. That beat analysts' average estimate by 3 cents a share.
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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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Profits more than double but were restrained by futures contracts.
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Johnson &amp; Johnson (JNJ.N: Quote, Profile, Research) on Tuesday said its third-quarter profit rose almost 14 percent on higher sales of prescription drugs, but US sales of medical devices slipped on competition from a rival heart device
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High oil and gas prices and bigger profit margins in refining helped the British energy giant BP PLC nearly double its third-quarter earnings.
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OT&quot;&gt; Motorola, the world&#39;s second-largest maker of cellphones, said yesterday that its profit more than quadrupled in the third quarter and revenue jumped 26 percent compared with the quarter
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(InfoWorld) - BlackBerry maker Research In Motion (RIM) announced record high subscriber growth and strong device shipments in its first quarter, a sign that some users aren't putting off smartphone purchases ahead of Friday's iPhone launch. In fact, RIM says theÂ hype around Apple's iPhoneÂ has helped its business by focusing attention on multi-function handsets. "I think [Apple] did us a great favor because they drove attention to the converged appliance base...we think the attention given to [the iPhone] and its impact on the dynamic has been overwhelmingly positive for us," said Jim Balsillie, co-CEO at RIM, in a conference call on Thursday. RIM signed up 1.2 million new BlackBerry subscribers in the three month quarter ending June 2, pushing its total to over 9 million accounts. RIM executives cited strong growth in India, in particular. Sales and net profit at the company both hit all time highs, with sales at US$1.08 billion, up 76.5 percent year-over-year, and net profit up 73.2 percent to $223.2 million. The company expects to break more records in its second quarter. RIM forecast that it will add 1.325 million to 1.375 million new subscribers in the quarter with the potential for sales to reach almost $1.4 million. "The momentum we are seeing in terms of product launches, carrier support in terms of product launches of BlackBerries, and subscriber additions is exceptional, and we believe it will continue on into the second half of the year," said Balsillie. Device shipments will also continue to soar. RIM expects to ship 3 million units in the second quarter, up from 2.4 million in the first quarter, due mainly to new products such as the BlackBerry Curve, as well as continued strength in older models such as the BlackBerry Pearl and 8800, RIM executives said. Â
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Motorola Inc. (MOT.N: Quote, Profile, Research) , the world&#39;s No. 2 maker of cell phones, on Tuesday said its quarterly profit more than tripled, but growth in
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Yahoo Inc. reported yesterday that its profit more than tripled in the third quarter as the Internet service recorded substantial increases in advertising and a giant gain from the sale of part of its stake in rival Google Inc.
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Apple Computer (AAPL) on Wednesday reported its quarterly profit more than doubled, on strong sales of its iPod digital music player and notebook computers, and said earnings for the current quarter would be much better than