BlackBerry maker Research in Motion reported its
fourth-quarter earnings today after the bell. Earnings per share were $0.65, falling slightly short of the consensus estimate of $0.67. Looking forward, the company said results for the first quarter of fiscal 2007 are likely to be below analysts' expectations.
"We have seen a recovery in subscriber additions and business momentum since RIM settled the patent litigation," said Dennis Kavelman, Chief Financial Officer at RIM. "We have been very encouraged by the increasingly positive indications from customers and partners over the past several weeks, but we also believe it is important to remain prudent in our outlook as we continue to monitor and foster the post-settlement momentum throughout Q1 and Q2."
Shares of RIM are
currently trading at $78.08 in the after-hours session, down 7.5 percent, from today's closing price of $84.38 on Nasdaq.
PS: You can listen to the conference call live via
the webcast today at 5:00pm ET.