Storm Fails to Shelter RIM From Economic Gloom
Research In Motion has lowered its Q3 forecast in response to the weakening U.S. economy. The company, which produces the iconic BlackBerry handsets, now expects adjusted earnings per share to fall between 81 cents and 83 cents for the quarter. Its initial forecast called for earnings per share to range from 89 cents to 97 cents. Third-quarter revenue is now expected to register between $2.75 billion and $2.78 billion, down from earlier forecasts of $2.95 billion to $3.10 billion.
RIM also signed up fewer new customers than expected, based on its predictions earlier this year.
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Storm Fails to Shelter RIM From Economic Gloom
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