Research In Motion released its second quarter earnings Thursday, and numbers for the iPhone and Android competitor are looking dismal for the third consecutive quarter. The BlackBerry maker reported second quarter earnings of $319 million, less than half of the $797 million reported a year ago. Revenue was down 15 percent to $4.2 billion, failing to reach the Street’s expected $4.47 billion. The per share price fell from $1.46 a year ago to 63 cents. In Friday morning trading, the stock dove by as much as 20 percent, a decline that put it 66 percent lower than its $70 high in February.
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That Awful Sound Is RIM's Gears Grinding
Posted by: Rachelle Dragani September 16, 2011 11:17 AMResearch In Motion released its second quarter earnings Thursday, and numbers for the iPhone and Android competitor are looking dismal for the third consecutive quarter. The BlackBerry maker reported second quarter earnings of $319 million, less than half of the $797 million reported a year ago. Revenue was down 15 percent to $4.2 billion, failing to reach the Street’s expected $4.47 billion. The per share price fell from $1.46 a year ago to 63 cents. In Friday morning trading, the stock dove by as much as 20 percent, a decline that put it 66 percent lower than its $70 high in February.