RIMM Slides Ahead of Earnings; Report Blackberry Bold AT&T Launch Delayed 2-3 Weeks; RBC Trims FY Q2 Estimates
Research In Motion (RIMM) shares are lower this morning heading into the company’s announcement after the close of results for its fiscal first quarter ended May. The Street consensus is for revenue of $2.27 billion and profits of 85 cents a share.
Meanwhile, RBC Capital’s Mike Abramsky asserts in a research note this morning that AT&T (T) appears likely to launch the new 3G Blackberry Bold in mid-August, two or three weeks later than expected, “as it continues to stabilize the device” on its 3G HSPA network. He reports that the launch with Rogers in Canada is on track for July, with other carriers expected to offer the phone later in August.
