On September 25, 2009
RIM Sags on Weak Q2 Profit, Wobbly Forecast
BlackBerry maker Research In Motion reported a drop in fiscal second-quarter profit Thursday because of charges for a patent settlement and said revenue for the current quarter will fall below Wall Street’s expectations. Shares plunged more than 11 percent in extended trading Thursday. Waterloo, Ontario-based RIM earned $475.6 million for the June-August period, down 4 percent.
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