Financial Briefs

Breaking financial news from Wall Street to Main Street

RIM’s outlook disappoints as costs increase

Posted by financialbriefs on September 25, 2008

In addition to a light earnings-per-share outlook, the company revealed a gross-margin forecast that was softer than many had anticipated. RIM blamed increased expenses related to its latest handsets like the BlackBerry Bold, a high-end model targeting the company’s mainstay base of corporate users.

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