Thursday, December 17, 2009
RIMM BLOWS OUT EARNINGS!
Research In Motion Ltd. said Thursday afternoon that earnings jumped 59% for the third fiscal quarter on strong sales of the company's BlackBerry line of smartphones.Net income for the period ended Nov. 30 came in at $628.4 million, or $1.10 per share, compared to net income of $396.3 million, or 69 cents a share, for the same period the previous year. Revenue grew 41% to $3.92 billion for the quarter. Analysts were expecting the company to report earnings of $1.04 per share on revenue of $3.78 billion, according to consensus estimates from FactSet Research. Subscription sales 4.4 million to 4.7 million estimates were for 4.4 million. Sold 10.1 million units for the quarter!
Stock is rallying huge in AHT $71.50
I'd suggested buying a deep out of the money put option earlier today as insurance, tomorrow I will be suggesting a covered call most likely.