Research in Motion disclosed after the closing bell today that they now expect earnings per share of $1.30 to $1.37 a share. This amount will likely fall below the $1.38 earned last share on a higher share count. The company has gone 28 straight quarters of year over year earnings increases on that particular quarter. The company is now exhibiting signs of negative growth which has been reflected in the company's valuation for almost a year. The company said the shortfall is because less customers are buying their phones. It added that the earthquake in Japan is not affecting supply. The company still expects to earn $7.
5 a share over the full year. Microsoft Corporation also announced their results for the quarter, revenue came in at $16.43 billion and net income was $5.23 billion or $0.61 per share. Like RIMM it has been a long time coming for former tech prince Microsoft to be officially passed by Apple. Apple reported $6 billion in profits in their most recent quarter which is substantially higher than Microsoft's and further cementing its dominance as the industry leader.
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