BlackBerry Bruised on iPhone Concerns

Sadighi, Lalee
June 2008
Red Herring;6/26/2008, p5
Trade Publication
The article reports on the decrease in the price of Research In Motion's (RIM) stock at Nasdaq after the company forecasted second-quarter of 2008 earnings lower than analyst expectations. RIM estimated that its stocks will be priced at 84 cents a share in the second quarter. Such estimates made the company's share to decrease by 13.35 percent. Despite its second-quarter earnings forecast, the company keeps growing with its first-quarter revenue reported to be at $2.24 billion.


Related Articles

  • RIM Guidance Misses Street; Stock Tanks. Sadighi, Lalee // Red Herring;9/25/2008, p5 

    The article reports on the earnings posted by Research In Motion in the second quarter of 2008. The company reported a net income of $495.55 million, which is lower that analyst estimates. It also issued a lower third-quarter guidance of $0.89 to $0.97 per share, which lead to a 19 percent...

  • Solar Stocks Dim on JA Solar Earnings. Moresco, Justin // Red Herring;11/12/2008, p2 

    The article reports on the financial performance of Chinese solar cell maker JA Solar for the third quarter of 2008. JA Solar shares dropped 96 cents, or 28.74 percent, to $2.38 per share. The stock was down more than 5 percent in after-hours trading. The company lost $21 million, or 36 cents...

  • Innovation, Future Earnings, and Market Efficiency. Feng Gu // Journal of Accounting, Auditing & Finance;Fall2005, Vol. 20 Issue 4, p385 

    This study examines whether patent citation impact, a leading indicator of technology firms' innovation capabilities, is associated with future earnings and whether this association is appropriately reflected in stock prices and analysts' earnings forecasts of patent-rich companies. The results...

  • Profits pressure stock prices.  // Dow Theory Forecasts;10/29/2007, Vol. 63 Issue 44, p3 

    The article discusses corporate profit growth performance on stock market in the U.S. According to the author, earning reports has been deterring, as well as closes below August lows in the Industrials and Transports would change the Dow Theory to the bearish camp. Furthermore, charts depicting...

  • Cork pops on RIM stock following 1Q forecast. Dano, Mike // RCR Wireless News;1/5/2004, Vol. 23 Issue 1, p12 

    Reports on the increase in the stock price of Research In Motion (RIM) Ltd. after the company reported substantial third-quarter 2003 financial results on December 23, 2003. Net income and provision results of RIM; Expected revenues and earnings per share of the company for the first-quarter of...

  • RIM earnings beat expectations, ratings upgrades follow news.  // RCR Wireless News;6/30/2003, Vol. 22 Issue 26, p22 

    Reports on the corporate profits posted by Research In Motion Ltd. for the first quarter of 2003. Decline in the stock price of the company; Net loss of the company.

  • Colonial Declines on Capital Talk. Dobbs, Kevin; Davis, Paul // American Banker;6/5/2008, Vol. 173 Issue 108, p20 

    The article reports that the stock price of the financial services firm Colonial BancGroup Inc. fell more than 12 percent on June 4, 2008. Investors were worried by speculation that the company needed to raise more capital to meet loan losses. Several financial analysts cut their earnings...

  • RPM Lowers 2009 Forecast on 'Economic Headwinds.'. Seewald, Nancy // Chemical Week;10/6/2008, Vol. 170 Issue 31, p13 

    The article reports on the lowered earnings forecast of RPM for its fiscal year ending May 31, 2009. The factors that make RPM lowered its earnings forecast are current economic headwinds, sustained volatility in financial markets, weak domestic market conditions for its consumer segment, and...

  • Additional Evidence on the Accuracy of Analyst Forecasts Before and After Voluntary Management Earnings Forecasts. Waymire, Gregory // Accounting Review;Jan1986, Vol. 61 Issue 1, p129 

    ABSTRACT: This study examines the relative accuracy of analyst earnings forecasts prepared both before (prior forecasts) and after (posterior forecasts) voluntary management earnings forecasts. The motivation for the study stems directly from recent studies which document statistically...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics