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Research in Motion (RIM-T) will report its fourth quarter results after the bell today, with many analysts anxious to have a look at the company’s earnings before it enters the tablet wars next month when it introduces its Playbook. Tim Long, an analyst at BMO Capital Markets, talks to BNN about what he expects to see from RIM.
“We’re expecting the company to come out at the top end—if not above—the guidance range for the February quarter,” he says. “More importantly we think the guidance into next quarter is going to be very favourable—much better than what the Street has out there.”
Long expects RIM to report earnings of $1.81 US per share and total revenue of $5.8 billion. Long has a 12-month price target of $100 per share.
Analysts are expecting RIM to report a profit of $1.74 US per share and $5.65 billion in total revenue, according to the Thomson Reuters I/B/E/S.
In the same period last year RIM reported profits of $1.27 per share and $4.08 in total revenue.