SAN FRANCISCO, CA, (NAMC) – The Canadian maker of the BlackBerry, Research in Motion (NASDAQ: RIMM) has fell short of expectations and were punished for it during after hours trading, falling over 4 points.

The company posted net income of $18.4 million, or 10 cents a share, for the fourth-quarter; this is compared to a loss of $2.57 million, or 1 cent a share, a year earlier.

Sales were up 39 percent to $561.2 million up from $408.8 million a year earlier, but it still fell short of expectations of $567.19 million.

The company, as expected, had set aside $450 million related to the NTP settlement, which cost RIM over $612.5 million after a four-year legal battle with NTP.

RIMM closed at $84.38 on Thursday.

Elizabeth Losada
Technology News Correspondent
NAMC Newswire
www.namcnewswire.com

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