RIM Announces Layoffs, 500,000 PlayBooks Shipped

Jim Dalrymple:

According to the company’s results, net income for the quarter was $695 million, or $1.33 per share diluted, compared with net income of $934 million, or $1.78 per share diluted, in the prior quarter and net income of $769 million, or $1.38 per share diluted, in the same quarter last year.

Their stock is just getting killed in after-hours trading — down over 15 percent as I type this sentence. Scratch that, 16 percent.

★ Thursday, 16 June 2011