Like any good sequel, RIMM's earnings tonight did not disappoint (those looking for a disaster flick). Expectations were high (low), but we all suspected that it might not quite live up to the pre-quel, same actors and three months later. Well the reviews are in and RIMMberrr II is a winner (major loser) -18.5% (beating - to the downside - the measly -14.5% initial reaction in the prior release).
EPIC headlines include:
*RESEARCH IN MOTION 2Q OPER EPS 80C, EST. 88C :RIM CN
*RESEARCH IN MOTION SEES YR ADJ. EPS TOWARD LOW END OF VIEW
*RESEARCH IN MOTION 2Q REV. $4.17B, EST. $4.47B :RIM CN
*RESEARCH IN MOTION 2Q GROSS MARGIN 38.7% :RIM CN
*RESEARCH IN MOTION 2Q PLAYBOOK TABLET SHIPMENTS 200,000
and the real winners are (drum roll please)...though we note some have been lightening up: