TORONTO (Reuters) — Research In Motion, the maker of BlackBerry smartphones, reported second-quarter results on Thursday that topped forecasts, and issued a stronger outlook for the current period than analysts had expected.
The company earned $796.7 million, or $1.46 a share, on revenue of $4.62 billion in the three months ended Aug. 28, up from $475.6 million, or 83 cents a share, in the period a year earlier. R.I.M. said it had repurchased about $1.5 billion in stock in the quarter, adding about 2 cents a share to earnings.
“This is a nice surprise on the upside,” said Matthew Thornton, an analyst at Avian Securities in Boston. Analysts had on average forecast earnings of $1.35 a share on revenue of $4.47 billion, according to Reuters data.