Thursday, March 24, 2011

RIMM guidance lower than consensus.....

RIMM is guiding Q1 Sales $5.40 Billion vs expectations of $5.64 Billion...... EPS of $1.51 vs expectations of $1.65.....

Stock Down $6.04 or <9.42%> as predicted by options.....

RIMM is attributing lower Sales & EPS Guidance for Q1.... to shift in product mix / expenses with R&D plus increase in Sales / Marketing Expense......plus Japanese disruption.....

For full year of 2012 ending Feb 2012......forecasting EPS of $7.50 fully diluted..which is much higher than current consensus of $6.81......

Currently holding all RIMM shares.....will listen to CC.

BLOG does NOT give buy or sell.

Saleem

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