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Research in Motion’s Net Income Rises 33%

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From Reuters

Research in Motion Ltd. reported a stronger-than-expected 33% rise in fiscal third-quarter earnings as sales jumped on surging demand for its BlackBerry wireless e-mail device.

The Waterloo, Canada-based company said net income rose to $120 million, or 61 cents a share, in the quarter ended Nov. 26, from $90.4 million, or 46 cents, a year earlier. Revenue rose 53% to $561 million.

Research in Motion shares fell 32 cents to $61.76 in regular trading. Shares jumped after hours to $65.40.

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