RIM beats estimates in Q3, reports revenues of $2.7 billion

Brad Reed
RIM Earnings Q3 2013
RIM Earnings Q3 2013

Research In Motion (RIMM) on Thursday posted its financial results for its fiscal third quarter, which ended on December 1st. Investor sentiment has been mixed leading up to the struggling vendor’s third-quarter report, with some analysts insisting there was still money to be made ahead of RIM’s BlackBerry 10 launch and others already counting the days until the company buckles. Wall Street’s consensus for fiscal Q3 2013 saw RIM posting a loss of $0.35 per share on $2.65 billion in revenue and RIM beat expectations on Thursday, recording a loss of $0.22 per share on $2.7 billion in sales. This marks RIM’s fourth consecutive quarterly loss as the company pins its hopes on BlackBerry 10, which will be unveiled during a press conference on January 30th.

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This article was originally published by BGR