The first quarterly earnings report post-Wake Up Call have just been published for Canada's own Research in Motion, and while the cash is still flowing, investors and analysts alike aren't feeling too rosy about the future. Despite Q2 revenue of $4.2 billion and a GAAP net income of $329 million, RIM's stock plummeted nine percent following the news. Why. That reality was at the lowest end of estimates, and as we've seen, it takes a blowout quarter to please the folks on Wall Street.
Engadget, RIM's Q2 earnings report: $329 million in net income, not enough to fend off critics
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