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Research In Motion Increases Sales but Misses Revenue Estimate

Research In Motion (Nasdaq: BBRY  ) reported earnings on June 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 1 (Q1), Research In Motion missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share dropped. GAAP loss per share dropped.

Margins expanded across the board.

Revenue details
Research In Motion logged revenue of $3.07 billion. The 36 analysts polled by S&P Capital IQ foresaw a top line of $3.36 billion on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $2.81 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.13. The 40 earnings estimates compiled by S&P Capital IQ averaged $0.07 per share. Non-GAAP EPS were -$0.13 for Q1 compared to -$0.37 per share for the prior-year quarter. GAAP EPS were -$0.16 for Q1 against -$0.99 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 33.9%, 590 basis points better than the prior-year quarter. Operating margin was -5.5%, 540 basis points better than the prior-year quarter. Net margin was -2.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $3.14 billion. On the bottom line, the average EPS estimate is $0.04.

Next year's average estimate for revenue is $12.17 billion. The average EPS estimate is $0.14.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 4,460 members out of 5,907 rating the stock outperform, and 1,447 members rating it underperform. Among 1,008 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 655 give Research In Motion a green thumbs-up, and 353 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Research In Motion is underperform, with an average price target of $12.51.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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  • Report this Comment On June 29, 2013, at 2:45 PM, HelpIsHere wrote:

    And you wonder why anyone would ever listen to another analyst. Man are they useless at this game. In the future do the opposite to what you read on this board.

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