What To Expect From Research In Motion’s Q3 2013 Earnings Report

What To Expect From Research In Motion’s Q3 2013 Earnings Report

Today after the closing bell at 5pm EST, Research In Motion will announce their Q3 2013 earnings. RIM’s stock has taken a beating, but on added faith in BlackBerry 10’s success has increased over 100% since September.

Here’s what Seeking Alpha says to expect from today’s earnings call:

What to Expect from Q3 Results

At the time of the release of its second-quarter financial results in September, Research In Motion said that it expects continued pressure on operating results for the remainder of the fiscal year based on the increasing competitive environment, lower handset volumes, increased marketing expenses associated with the launch of BlackBerry 10 and some impact from pressure by customers to lower monthly infrastructure access fees.

Research In Motion forecast an operating loss for the third quarter of fiscal 2013. Research In Motion had surprised markets in September when it said that it grew its subscriber base in the second quarter. The company’s BlackBerry subscriber base increased to approximately 80 million global subscribers in the second quarter, which ended on September 1, 2012.

Colin Gillis, analyst at BGC Financial, doesn’t expect the company to report any such positive surprises for the third quarter. Gillis expects subscriber base growth to be flat for the third quarter.

Analysts surveyed by FactSet expect the Canada-based company to report a loss of $0.35 per share for the third quarter. Revenue for the third quarter is expected to come in at $2.65 billion. For the previous quarter, Research In Motion had reported a loss of $235 million, or $0.45 per share and revenue of $2.9 billion. For the third quarter of fiscal 2012, Research In Motion had reported revenue of $5.2 billion and GAAP net income of $265 million, or $0.51 per diluted share.

The most important thing to look for in Research In Motion’s results later today will be subscriber base. It will be interesting to see whether Research In Motion maintained its subscriber base in the third quarter.

Do you agree with these speculations? Should you have a buy or hold approach? CIBC thinks you should buy now.

Click to add a comment

Be the First to Comment!



Founder of N4BB.com for the latest in mobile and tech news, leaks, reviews, videos, and much more.

More in


Nokia’s HERE Maps Purchased by Audi, BMW and Mercedes for $3 Billion

JT TeranAugust 3, 2015

‘Deadpool’ Teaser for Tomorrow’s Trailer Debut is Hilarious

JT TeranAugust 3, 2015

Amazon Now Let’s You Share Your Prime Membership With Only One Adult

Stefany BaezAugust 3, 2015

Apple Looking to Make Siri More Useful for Voicemail

JT TeranAugust 3, 2015
1/7/2009 Las Vegas Nevada, CES -- Dr. Dre, record producer/rapper shows off his new headphones. Note- Mike Snider is writing something on this.  Photo by Tim Loehrke, USAToday (Via MerlinFTP Drop)

Dr. Dre Releasing First Album in 16 Years on August 7th

Stefany BaezAugust 2, 2015

ES File Explorer for Android Updated with New UI

Stefany BaezAugust 2, 2015

Samsung Galaxy Note 5 Specs Reportedly Leak

JT TeranAugust 2, 2015
(Photo by Oli Scarff/Getty Images)

Microsoft is Investing $100 Million in Uber

JT TeranAugust 1, 2015

1,000 Musicians Play Foo Fighter’s “Learn to Fly” And It’s Awesome

Stefany BaezJuly 31, 2015