BlackBerry maker Research In Motion sped past analyst expectations with a better-than-expected profit, but the company also gave a forecast Thursday that signals the pace of its growth is slowing.
The Waterloo-based company posted a $643-million US profit, or $1.12 US per share, for the period ended May 30. That was above the $482.5 million US profit a year earlier. Revenues rose 53 per cent to $3.42 billion US, up from $2.24 billion US a year earlier.
But investor optimism appeared to be faltering as RIM’s shares moved down in after-hours trading, dropping more than $4 US on the Nasdaq after the results were announced.
RIM shares ended the regular trading session in Toronto at $86.80, down 36 cents.
