The time is not easy for many companies involved in the ICT sector, and certainly it is for Canada's RIM. The financial results made public yesterday evening are positive, but lower than those that were the initial estimates of the company.
The turnover for the period, the first quarter of fiscal 2012, totaled $ 4.2 billion, with net income of $ 329 million or 80 cents per shares. The analyst estimates earnings per share were equal to 87 cents, after the company had revised downwards its estimates for the quarter and announced several steps aimed at reducing costs.
In the reference quarter the company shipped 10.6 million phones Black Berry, against an initial estimate of 11.9 million units. Also difficult situation with regard to liquidity, which has been virtually halved from the previous $ 2.9 billion RIM finds itself with $ 1.4 billion, including the cost of this $ 780 million related to the purchase Nortel some patents in a consortium with other companies.
Blow by sales of tablet solutions family playbook: in spite of initial sales estimates for the reference quarter between 600,000 and 700,000 units RIM has concluded sales of some 200,000 pieces. The comparison, merciless, is with the solutions that Apple iPad in the period sold for about 9.25 million units.
The estimates for the next fiscal quarter, which will be closed on 26 November, expect sales of between 5.3 and 5.6 billion dollars, with earnings per share of between $ 1.4 and 1.2. We will see in the coming months that RIM will be able to measure these respective expectations.
Posted by: Wasim Javed
No comments:
Post a Comment