RIMM Results mostly lower than expectations.......

RIMM reported Q3 :

Sales actual $5.17 billion vs expectations of $5.27 billion, a miss

EPS actual $1.27 vs expectations of $1.19, a beat

14.1 million units sold

Guidance for Q4 :

Sales $4.6 billion to $4.9 billion vs expectations of $5.12 billion, a miss

EPS 80 cents to 95 cents vs expectations of $1.18, a miss

Unit projection 11 million to 12 million vs expectations of 13.1 million, a miss

Blackberry 10 now expected end of 2012 vs previous expectations of middle 2012, a delay

Software upgrade for blackberry Playbook 2.0 coming in February, as expected.

RIMM down AH $1.04 last trade @ $14.09

In order to evaluate RIMM "objectively"......looks like RIMM will earn $3.20 cents for next four quarters. I am taking their low end of EPS guidance of 80 cents X 4 quarters = $3.20

IF RIMM is trading @ $14.09 divided by $3.20, we have a forward PE of  4.40....for a "turnaround company"

Conference call was very UPBEAT !!!!

BLOG does NOT give buy or sell.

Saleem