Shares of Research In Motion (RIMM) fall 5.4% after resuming trading following the firm's adjusted earnings forecast. Research In Motion (RIMM) announces it will take a $485M pretax provision in relation to its PlayBook, contributing to updated guidance. The firm says it now expects Q3 revenue will be slightly lower than the previous range of $5.3B-5.6B, and EPS will fall in the low to mid-point of its prior guidance of $1.20-$1.40. In Q4 RIM sees lower shipments impacting its outlook, while it no longer expects to meet its full-year EPS guidance of $5.25-$6.00.
Technical side stock has some resistance area is $20 and support level is $16
Technical side stock has some resistance area is $20 and support level is $16
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