RIMM AH reported reported as predicted by me 98 cents EPS... Sales of $3.42 Billion were in line also.....
Q2 Guidance was pretty good in terms of Sales & EPS of 99 cents compared to consensus of 97 cents...
Reaction to RIMM ER was a quick dump to about $5 down? BUT made it almost all back with in 5.08 million shares traded AH.... because it did not exceed Sales in Q1 or guidance in Q2 for Sales is $100 million less than consensus of $3.61 Billion vs $3.58 billion guidance.....Their high end of guidance IS way higher than consensus in both EPS & Sales...which IS where I believe that RIMM will end up in Q2......
Remember how AAPL guides "way lower than consensus" and everybody is happy & then AAPL beats by several cents to where the "original consensus was to begin with"...
RIMM in its CC is "not concerned about competition or $99 pricing"
Indices were mostly green with fractional loss for Nasdaq......
Rest of the June is setting UP for a major move UP for Q2 buying.....
AH futures are all green......
BLOG does NOT give buy or sell.
Saleem
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