Research in Motion posts higher 4Q profit, sales
Posted April 01, 2009 11:00 pm
NEW YORK -- BlackBerry maker Research in Motion Ltd. says its profit jumped in its last quarter, surpassing analysts' expectations. Solid demand for smart phones helped boost results despite the recession.
The company said Thursday it earned $518.3 million, or 90 cents per share, from December through February. That was up 26 percent from the same period a year earlier.
Analysts polled by Thomson Reuters had expected a profit of 84 cents per share.
The company says its sales jumped 84 percent, to $3.46 billion. This is slightly higher than the $3.42 billion that analysts were expecting.
Research in Motion says it added roughly 3.9 million new BlackBerry subscriber accounts during the quarter, bringing the total to 25 million.
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