RIMM Posts Better Than Expected Quarter
Research In Motion reported fiscal 3Q 2013 earnings that were better than the market expected. According to a company press release announcing the results, revenues for the period totaled $2.7 billion, and net loss came in at $114 million ($0.22 per share) on an adjusted basis.
Those numbers were good enough to beat analyst estimates, which anticipated lighter revenues of $2.65 billion, and a deeper loss of around $180 million ($0.35).
Tech investors are keeping a sharp eye on the upcoming global launch of the BlackBerry 10, which is seen as critical for the fortunes of the struggling company. The statement quoted CEO Thorsten Heins as saying that "our carrier partners, application developers and employees are all looking forward to unveiling the innovation and excitement of BlackBerry 10."
In making its announcement, Research In Motion also revealed that its CIO, Robin Bienfait, is to retire at the end of this year.
The article RIMM Posts Better Than Expected Quarter originally appeared on Fool.com.Eric Volkman has no positions in Research In Motion. The Motley Fool has no positions in Research In Motion. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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