Rimm
- Thread starter mikeenday
- Start date
no doubt about it
their tablets haven't been selling well(very poor sales), they're going to have to take a big write down on them
I'd be selling calls to the uninformed
Quote from southbeach4me:
no doubt about it
their tablets haven't been selling well(very poor sales), they're going to have to take a big write down on them
I'd be selling calls to the uninformed
how is what you said not already priced into the stock?
Dec. 15, 2011, 4:23 p.m. EST
RIM earnings fall; forecast below Street targets
SAN FRANCISCO (MarketWatch) -- Research In Motion Ltd. reported a sharp drop in earnings for its third fiscal quarter, and issued a forecast for the current period that was well below Wall Street's expectations. For the quarter ended Nov. 26, RIM (NASDAQ:RIMM) reported net income of $265 million, or 51 cents per share, compared to net income of $911 million, or 1.74 cents a share, for the same period last year. Adjusted earnings came in at $667 million, or $1.27 per share, for the recent period. Revenue slipped 6% to $5.17 billion. Analysts had forecast earnings of $1.19 per share on revenue of $5.27 billion, according to consensus forecasts from Thomson Reuters. For the fourth fiscal quarter ending in February, RIM said it expects earnings to come in the range of 80-90 cents per share - analysts were expecting $1.18 per share. Revenue for the period is expected to come in between $4.6 billion and $4.9 billion, with smartphone shipments in the range of 11-12 million units for the period. Analysts were expecting revenue of $5.12 billion with 13.1 million units shipped for the period.
RIM earnings fall; forecast below Street targets
SAN FRANCISCO (MarketWatch) -- Research In Motion Ltd. reported a sharp drop in earnings for its third fiscal quarter, and issued a forecast for the current period that was well below Wall Street's expectations. For the quarter ended Nov. 26, RIM (NASDAQ:RIMM) reported net income of $265 million, or 51 cents per share, compared to net income of $911 million, or 1.74 cents a share, for the same period last year. Adjusted earnings came in at $667 million, or $1.27 per share, for the recent period. Revenue slipped 6% to $5.17 billion. Analysts had forecast earnings of $1.19 per share on revenue of $5.27 billion, according to consensus forecasts from Thomson Reuters. For the fourth fiscal quarter ending in February, RIM said it expects earnings to come in the range of 80-90 cents per share - analysts were expecting $1.18 per share. Revenue for the period is expected to come in between $4.6 billion and $4.9 billion, with smartphone shipments in the range of 11-12 million units for the period. Analysts were expecting revenue of $5.12 billion with 13.1 million units shipped for the period.
I prefer to avoid playing earnings reports if possible - too much of a coin toss. But RIMMs report date was announced after I had already set up a Bear Call Credit Spread on 11/28/11, and things still seem very negative for the company. Decided to let them flip the coin, rather than close the trade. Got Lucky this time.
Whew!
12/15/11:
"LOS ANGELES (MarketWatch) Ã Investors pushed shares of Research In Motion Ltd. sharply lower Thursday evening after the mobile-devices maker issued a weak quarterly forecast...
Research In Motion shares RIMM dropped 7.1% to $14.06 in heavy volume."
Whew!
12/15/11:
"LOS ANGELES (MarketWatch) Ã Investors pushed shares of Research In Motion Ltd. sharply lower Thursday evening after the mobile-devices maker issued a weak quarterly forecast...
Research In Motion shares RIMM dropped 7.1% to $14.06 in heavy volume."