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Reuters: RIM profit jumps, outlook underwhelms; stock drops

Started by chris, June 25, 2008, 11:41:07 PM

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chris

RIM profit jumps, outlook underwhelms; stock drops
      


TORONTO (Reuters) - Research In Motion  reported a higher first-quarter profit on Wednesday as it continued to sign up subscribers for its BlackBerry smartphones at a rapid clip, but its shares dropped 8 percent in late trading as the results and outlook fell short of analyst expectations.
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