RIM reports leap in Q3 earnings
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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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Chairman dethroned Research in Motion will restate three years of earnings following an internal stock options probe, the company said today. The aggregate effect of the revisions will lop $250m off RIM's historic earnings.â¦
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The traditional third-quarter bump is light for the chipmaker, as lower-than-expected PC sales offset flash memory gains.
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The digital video company produced strong profits in the third quarter.
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Third-quarter net income rose 7.4 percent to $960 million, helped by strong demand in international markets. The company also raised its full-year profit outlook.
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Third-quarter profit for Research in Motion more than doubled on strong demand for its BlackBerry smart phones and related services by consumers and businesses.
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Goldman Sachs comes out with earnings that solidly beat estimates; change at the top at Eli Lilly and SprintNextel; Apple's iPhone to go on sale in Japan.
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Nasdaq Stock Market Inc.  said on Tuesday that quarterly earnings more than tripled, helped by strong trade revenue.
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U.S. stocks jumped the most in three weeks on Friday, as strong results from the company behind the BlackBerry boosted technology shares while financials rose on a report that another U.S. brokerage may get a big foreign investment.
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The electronics retailer said it swung to a third-quarter profit, overcoming lower revenue by cutting costs and selling more high-margin items.
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WATERLOO, Ont. - Research In Motion, which has seen demand for its BlackBerry wireless e-mail devices soar this year, reported another strong quarter today with revenues more than doubling to $310.
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Tool maker Black & Decker Corp  reported better-than-expected third-quarter earnings on Thursday as sales growth helped offset higher commodity prices, sending its shares up 8 percent.
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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&#39;t putting off smartphone purchases ahead of Friday&#39;s iPhone launch.
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WATERLOO, ONTARIO - Research in Motion reported sharply higher quarterly profits and revenues Thursday as sales of its popular BlackBerry wireless e-mail device continue to soar.
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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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Aerospace giant Boeing Co. reported a 78 percent jump in third-quarter earnings, buoyed by a strong defense business, and raised its estimate for full-year profits due to a favorable tax outlook.
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Texas Instruments Inc  posted a  10 percent gain in third-quarter earnings on Monday, but the  mobile chipmaker forecast revenues below analysts' estimates,  sparking a drop in its stock.