Research In Motion
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.
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 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.
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.)
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.
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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