Analyst Calls For More Doom & Gloom With RIM's Latest Quarterly Earnings Report
Say it ain’t so… According to All Things, Barclays Capital analyst Jeff Kvaal is predicting that Research in Motion’s, is predicting that RIM won’t make its projected quarterly earning that are due to come out this week. The article points out:
… as his forecast — $4.5 billion in revenue and 75 cents per share in profit — is below not only RIM’s guidance of revenue — between $4.6 billion and $4.9 billion, and 80 cents to 95 cents per share in profit — but the Street’s $4.55 billion/82 cents a share, as well.
With Thorsten Heins at the helm this will mark his first quarterly earning report as RIM’s CEO, and last week news broke that RIM has lost its top spot as smartphone maker here in Canada to Apple. RIM recently released their latest version of operating system for their Playbook tablet devices, but it was a little too late in the game as company has lower the retail price of the tablets by over 50%.
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