RIMM : Research In Motion quarterly profit jumps 20

WASHINGTON (MarketWatch) – Research In Motion Ltd. /quotes/comstock/15*!rimm/quotes/nls/rimm (RIMM 56.10, -2.48, -4.23%) on Thursday posted a 20% increase in fiscal first-quarter net income as the BlackBerry maker shipped 11.2 million handsets. RIM also said it will repurchase up to 31 million shares over the next 12 months. After U.S. markets closed, RIM reported a profit of $768.9 million, or $1.38 a share, up from $643 million, or $1.12 a share.

Read More :RIMM : Research In Motion quarterly profit jumps 20

Related Youtube Video

[!] Report Abuse

Processing your request, Please wait....

Report as:	Invalid Contents Other
Write in Words: (Optional)

Short URL:http://www.usposttoday.com/?p=17011

Posted by uspost on Jun 25 2010. Filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.