RIM Reports Loss of $0.27 Per Share, $2.9B in Revenue Beats Estimates

RIM - Stock Earnings 2012

RIM just reported its second quarter fiscal 2013 earnings results in which it recorded a loss of $0.27 per share, compared to estimates of a $0.47 loss per share, and revenue of $2.9 billion. Wall Street estimated that RIM’s revenue would fall in at $2.49 billion. RIM is still losing money, obviously, but the company at least beat the Street’s expectations.

RIM said it shipped 130,000 PlayBooks during the quarter and 7.4 million smartphones.

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...