(Bloomberg) -- Research In Motion Ltd. gained in
extended U.S. trading after the maker of the BlackBerry e-mail
phone reported first-quarter profit that topped analysts'
estimates and announced a 3-for-1 stock split.
Shares of the Waterloo, Ontario-based company soared
$27.11, or 16 percent, to $192.70 at 5:46 p.m. New York time.
Net income rose 73 percent on demand for new devices with
cameras and music players. Excluding some costs, earnings were
$1.20 a share, beating the $1.09 average estimate of 24 analysts
in a Bloomberg survey.
Read more at Bloomberg Stocks News
extended U.S. trading after the maker of the BlackBerry e-mail
phone reported first-quarter profit that topped analysts'
estimates and announced a 3-for-1 stock split.
Shares of the Waterloo, Ontario-based company soared
$27.11, or 16 percent, to $192.70 at 5:46 p.m. New York time.
Net income rose 73 percent on demand for new devices with
cameras and music players. Excluding some costs, earnings were
$1.20 a share, beating the $1.09 average estimate of 24 analysts
in a Bloomberg survey.
Read more at Bloomberg Stocks News
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