Research In Motion (RIMM) Announces 3Q Results, (VOD, VZ, T)

RJ Insights reiterated Market perform rating on Research in Motion Limited (NASDAQ: RIMM) and reduced the price target from $85.00 to $80.00.

The firm expects F3Q10 revenues of $3.8 billion and EPS of $1.04 – in line with consensus revenues at $3.8 billion and EPS at $1.05. The firm forecasts 9.7 million units’ net subscriber additions. The firm said, Research In Motion has successfully launched a number of key products (Storm2 at Vodafone (NASDAQ: VOD) and Verizon (NYSE: VZ), Bold 9700 at AT&T (NYSE: T) and its lower end 8520/8530 curve has witnessed strong traction overseas.