RIM shares down ahead of Q2 earnings report |
| Financial Post - Sep 27, 2012 |
Shares of Research In Motion were down nearly 3% on Thursday afternoon ahead of the BlackBerry maker’s second-quarter financial results.
The Waterloo, Ont.-based company dropped 20 cents to US$6.68 on the Toronto Stock Exchange, before it reports after the markets close.
Analysts expect RIM will post a loss of about 47 cents per share, according to a poll from Bloomberg.
But the results could also be less dismal than some analysts have expected when they’re released after North American stock markets close.
Earlier this week chief executive Thorsten Heins said the company added two million new subscribers to its services in the quarter — a surprise to many analysts who were predicting the number of subscribers to plateau.
Some analysts have noted that even though RIM has added new customers, many of them have been in emerging markets where lower priced phones are the norm.
Read Full Article from Financial Post
- Posted: 2012-09-27 15:02:54
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