Research In Motion 4Q Net Up On Higher Revenue, More Subscribers

Research In Motion's revenue more than doubled in the fiscal fourth quarter ended March 1, a period in which the Waterloo, Ont. company added about 2.18 million net new BlackBerry subscriber accounts.

The company reported net income of $412.5 million or 72 cents a share, up from $187.4 million or 33 cents a year earlier.

The Thomson First Call mean earnings estimate for the latest period was 70 cents a share.

Revenue rose to $1.88 billion from $930.4 million.

At the end of the quarter, the total BlackBerry subscriber account base exceeded 14 million.

The company said it expects revenue for the first quarter to be about $2.23 billion to $2.30 billion. Net subscriber account additions are expected to be about 2.2 million, and the company projects earnings of 82-86 cents a share for the first quarter.

Research In Motion makes the BlackBerry, a wireless communications device.

-Carolyn King; 416-306-2100; AskNewswires@dowjones.com

(END) Dow Jones Newswires

Posted to the site on 2nd April 2008