The Daily Caller

The Daily Caller
              FILE - In this Oct. 18, 2011 file photo, Mike Lazaridis, co-CEO of Research in Motion gestures at the end of his keynote address to the BlackBerry DevCon Americas conference in San Francisco. Research In Motion Ltd. reports quarterly financial results Thursday, Dec. 15, 2011, after the market close (AP Photo/Eric Risberg, File)
              FILE - In this Oct. 18, 2011 file photo, Mike Lazaridis, co-CEO of Research in Motion gestures at the end of his keynote address to the BlackBerry DevCon Americas conference in San Francisco. Research In Motion Ltd. reports quarterly financial results Thursday, Dec. 15, 2011, after the market close (AP Photo/Eric Risberg, File)   

RIM shakeup after Q4 miss

With expectations at an all-time low and analysts lowering estimates left and right, Research In Motion on Thursday reported its results for the fourth fiscal quarter of 2012. RIM posted a surprising beat in the third fiscal quarter when it managed earnings of $1.27 per share on $5.2 billion in sales. At the same time, however, the Waterloo, Ontario-based BlackBerry maker issued worse than expected fourth-quarter EPS guidance of between $0.80 and $0.95, and it said revenue would likely fall between $4.6 billion and $4.98 billion. RIM has now confirmed adjusted net income of $0.80 per share, on revenue of $4.2 billion, down sequentially from $5.2 billion despite the launch of multiple new BlackBerry 7 smartphone models.

Full Story: RIM reports Q4 miss; Balsillie resigns as director, CTO and COO both out