RIM’s Q4 Revenues Fall Short Of Estimates; Remains Bullish In New Year

Blackberry Curve

BlackBerry-maker Research In Motion’s stock is down nearly 6 percent in after-hours trading after coming short of analysts’ expectations for Q4 ended Feb. 27.

Still, the Waterloo, Ontario-based company’s revenues increased 35 percent compared to the year ago period and the company insists that it is seeing strong momentum in the current quarter. In Q4, RIM’s net income totaled $710.1 million, or $1.27 a share, on revenues of $4.08 billion. Analysts expected RIM (NSDQ: RIMM) to earn $1.28 a share on revenues of $4.31 billion, according to a poll by Thomson Reuters.

For fiscal 2010, RIM’s revenues totaled nearly $15 billion, up 35 percent from the prior year, and had profits of $2.46 billion. Jim Balsillie, RIM’s Co-CEO, said:

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