RIM Falls Just Short - Stock Tumbles After Hours

Research in Motion reported lower than expected numbers Wednesday causing shares to tumble 9 percent in after hours trading. The company posted earnings of $482.5M on revenues of $2.24 billion for the fiscal quarter ending May 31. Revenue was up from the $1.08 billion a year ago, but fell just short of Street expectations. The company added substantially to its subscriber base and has a number of new products in the pipeline for the next six months, but some analysts expressed concern that growth may slowing as RIM enters the more competitive and fad driven consumer market.

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