Research In Motion (RIM) stock forecast 2012

Research In Motion (RIM) stock forecast 2012 : Research In Motion fell 9.7 percent on Friday to $16.77 on 54 million shares traded. Just when you think things couldn’t get bad enough, RIM makes an announcement. It seems the only good news for the company comes when it remains silent and says nothing at all. Not only did it say that it would miss its adjusted 2012 profit target of $5.25 to $6 a share the company also announced that it expects its Q3 revenue to be come in lower than its previous range of $5.3 billion to $5.6 billion.

It attributed this revision to lower unit shipments in the fourth quarter. The company will release its third quarter fiscal 2012 results on Dec. 15 where it warns that earnings per share should be at the low to mid-point of the company’s previous forecast of $1.20-$1.40.

PlayBook discounts and service disruptions have forced Research In Motion Ltd. to once again slash its fiscal 2012 outlook.

The company also reduced the outlook for the fourth quarter of its 2012 fiscal year ended in February. It expects BlackBerry smartphone shipments to be lower despite completing the largest new-product rollout in its history over the summer.

As a result, RIM no longer expects to achieve its adjusted diluted earnings per share goals for the full-year ending in February of between US$5.25 and US$6.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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