Will RIM Not Disappoint Again This Quarter?
After a series of increasingly disappointing quarterly earnings announcements, Wall Street is hoping that Research in Motion will deliver better results today.
The Canadian phone maker — most famous for its iconic Blackberry devices — will be reporting its second-quarter earnings after the markets close later today.
Analysts are predicting earnings of 87 cents a share for the period, which is within RIM’s own guidance range of adjusted profit — between 75 cents and $1.05 per share.
Higher would be better, based on the hope that sales of its most recent smartphones with the Blackberry 7 operating system, and also its lackluster PlayBook tablet, will help its results after a downward slide that has been painful.
That’s been especially tough, since both Apple’s iOS and Google Android are surging ahead in the mobile market.
RIM hopes to also get a boost from the first phone using the QNX operating system it bought last year.