Research In Motion (Nasdaq: RIMM) reported earnings on Dec. 15. Here's what you need to know.

The 10-second takeaway
For the quarter ended Nov. 26 (Q3), Research In Motion Limited missed expectations slightly on revenues and beat them on EPS. Margins dropped across the board.

Revenue
Research In Motion tallied revenue of $5.2 billion. The analyst polled by S&P Capital IQ wanted to see sales of $5.2 billion. 

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS
Non-GAAP EPS came in at $1.27. The 34 earnings estimates compiled by S&P Capital IQ anticipated $1.22 per share on the same basis. GAAP EPS of $0.51 for Q3 were 71% lower than the prior-year quarter's $1.74 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margins
For the quarter, gross margin was 27.3%, 1,630 basis points worse than the prior-year quarter. Operating margin was 6.3%, 1,660 basis points worse than the prior-year quarter. Net margin was 5.1%, 1,150 basis points worse than the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods.

Looking ahead
What does the future hold?

Next quarter's average estimate for revenue is $5 billion. On the bottom line, the average EPS estimate is $1.10. (There are 38 revenue estimates and EPS estimate.)

For the full year ending 2012, the average estimate for revenue is $19.3 billion. The average EPS estimate is $4.42. (There are 50 revenue estimates and 50 EPS estimates.)

Investor sentiment
The stock has a two-star rating out of five at Motley Fool CAPS, with 4,481 members out of 5,654 rating the stock outperform and 1,177 members rating it underperform. Among 1,088 CAPS All-Star picks, 798 give Research In Motion a green thumbs-up, and 290 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Research In Motion is hold, with an average price target of $26.99.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.