Shares of Research in Motion (RIMM) have seen quite some volatility in after hours trading on Thursday. The producer of the once so popular BlackBerry reported its third quarter results for its fiscal 2013 after the market close. Shares initially spiked up trading with gains of 8%, but later fell back to trade with losses up to 10%.
Third Quarter Results
Research in Motion reported third quarter revenues of $2.73 billion, down 47% on the year before. Revenues fell roughly 5% compared to second quarter revenues. Quarterly revenues came in ahead of analysts consensus of $2.66 billion.
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