RIM's Q4 profit soars, shares up in after hours

Published: April 2, 2008, 1:45 pm

Tags: aapl, apple, blackberry, inthenews, iphone, palm, research in motion, researchinmotion, rimm

Filed under: Earnings reports, Products and services, Consumer experience, Competitive strategy, Apple Inc (AAPL), Research in Motion (RIMM), Palm Inc (PALM)When you're a small country stacked right up against the mighty U.S., you tend to take pride in any success by a fellow countryman. Such is Canada's fate, and if you ask any Canadian, he will be able to name you all the Canadian actors who made it in Hollywood. Similarly, ask about successful companies and Canadians will proudly mention Research in Motion Ltd. (NASDAQ: RIMM). Indeed, the company did not disappoint this afternoon when it reported that fiscal fourth-quarter profit and sales more than doubled. The BlackBerry maker earned $412.5 million, or 72 cents per share, up from a profit of $187.4 million, or 33 cents per share, in the same period a year earlier. Revenue more than doubled to $1.88 billion from $930 million. This beat expectations of 70 cents per share and sales of $1.86 billion. And that's not all. A key figure,

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