AllThingsD » Rob Sanderson http://allthingsd.com Sat, 11 Feb 2012 20:29:40 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Recession No Cure for CrackBerry Addiction http://allthingsd.com/20090402/rim-shot/ http://allthingsd.com/20090402/rim-shot/#comments Thu, 02 Apr 2009 21:58:08 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=15939 rimm“Sentiment on the stock has never been worse in our opinion….We are somewhat concerned that earnings, subscribers and unit guidance are all likely to be guided down–sequentially.” Broadpoint AmTech analyst Rob Sanderson said that of Research in Motion in a March 18 note to clients. Boy, was he ever wrong. After market close Thursday afternoon, RIM reported fourth-quarter earnings and revenue that easily bested analyst expectations. Net income for the period was $518.3 million, or 90 cents per share, on $3.46 billion in revenue. Analysts had been expecting 84 cents a share on revenue of $3.4 billion. Gross margins were in line with expectations–40 percent for the quarter and expected to improve to between 43 and 44 percent in the current quarter. Finally, RIM (RIMM) added about 3.9 million net new BlackBerry subscriber accounts during the quarter, raising its total subscriber base to about 25 million.

All in all, a very impressive showing. Certainly, investors were agog over RIM’s financials. Shares in the company spiked on the news, rising more that 20 percent to $59.37 in after-hours trading. “This is wildly better than people were looking for,” said Duncan Stewart, analyst at DSAM Consulting in Toronto. “Getting improvement in both margin and growth at the same is a rare thing.”

]]> http://allthingsd.com/20090402/rim-shot/feed/ 0 RIMM: Broadpoint.Amtech Cuts Estimates; Stock Slips http://allthingsd.com/20090318/rimm-broadpointamtech-cuts-estimates-stock-slips/ http://allthingsd.com/20090318/rimm-broadpointamtech-cuts-estimates-stock-slips/#comments Wed, 18 Mar 2009 16:23:03 +0000 Eric Savitz http://voices.allthingsd.com/?p=9573 Research in Motion (RIMM) shares are taking a hit this morning after Broadpoint.Amtech analyst Rob Sanderson trimmed his earnings estimates on the company for both the February 2009 fiscal year and for FY 2010. While Sanderson keeps his Buy rating, he notes that the company appears to have reduced its build plans and reduced component orders in the past few weeks.

Sanderson cut his FY ’09 EPS estimate to $3.43 from $3.54; for FY 2010, he goes to $3.75, from $4.25. His sales estimates fall to $11 billion from $11.2 billion for ’09, and to $14.7 billion from $15.4 billion for 2010.

“Component orders have come down over the past several weeks,” he writes in a research note. “RIMM was building for a best case scenario which has been removed.”

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