RIM releases fiscal Q4 2006 statement

Apr 06 2006 - 05:14 PM ET | Research In Motion

Research In Motion today announced its first quarterly earnings report since settling with NTP. The company was profitable, but lowered its outlook for future quarters. Much of the $600 million that was paid to NTP was already in an escrow account, but it still had to pay a significant amount including legal fees. Key numbers in the release:

• Revenue up 39% to $561.2 million
• Net income of $18.4 million
• 625,000 net subscriber adds to total 4.9 million

Shares of the company are trading down based on a more conservative outlook for future quarters than investors were expecting.