RIM reports its fiscal first-quarter results after market close on Thursday, with speculation mounting about the company's long-term strategy.
RIM Q1 Earnings
NEW YORK (TheStreet) -- Research in Motion(:RIMM) reports its fiscal first-quarter results after market close on Thursday, with speculation mounting about the company's long-term strategy.
The embattled Canadian handset maker recently forecast an operating loss for the quarter but opted not to provide specific guidance. Analysts surveyed by Thomson Reuters are looking for RIM to report a loss of 3 cents per share on revenue of $3.09 billion.
The BlackBerry maker also announced plans to reduce its workforce and hired J.P. Morgan(:JPM) and Royal Bank of Canada(:RBC) to assist with the review of its operations and business.
Research In Motion, however, recently quashed a U.K. newspaper report that it's considering splitting in two, reportedly planning to separate its handset manufacturing operations from its messaging network business.
Nonetheless, there has been plenty of speculation that RIM could offer rich pickings for a host of companies, including Microsoft(:MSFT), Amazon(:AMZN), Samsung, HTC, or even Facebook(:FB).
Analysts nonetheless predict more pain for RIM investors over the coming months amid fierce competition from the likes of Apple(:AAPL) and Google's(:GOOG) Android operating system.
Even the first glimpse of the eagerly anticipated BlackBerry 10 operating system last month did little for RIM's stock.
RIM shares, which have plunged more than 37% this year, were off nearly 2% to $9.02 in late trades.
--Written by James Rogers in New York.
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