PDAStreet: News: RIM Stung on Outlook Despite Growing Profit

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PDAStreet.com > News > RIM Stung on Outlook Despite Growing Profit

RIM Stung on Outlook Despite Growing Profit

By Judy Mottl
July 2, 2008

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Research In Motion's (RIM) BlackBerry continues to see booming traction in the enterprise, with the smartphone maker reporting that it added 2.3 million new accounts during the quarter.

But despite those numbers -- and a jump in both revenue and profit from the same quarter last year -- Wall Street soured on the stock after the company missed earnings estimates by a penny and gave disappointing guidance for next quarter.

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