April 19, 2024

RIM’s Q2 earnings report: $329 million in net income, not enough to fend off critics

The first quarterly earnings report post-Wake Up Call have just been published for Canada's own Research in Motion, and while the cash is still flowing, investors and analysts alike aren't feeling too rosy about the future. Despite Q2 revenue of $ 4.2 billion and a GAAP net income of $ 329 million, RIM's stock plummeted nine percent following the … [Read more...]