Research in Motion, maker of popular wireless communication devices, surged after reporting sharply higher sales and earnings. The revenue rose 102% to $1.88 billion and net income increased 120% to $412 million. RiM shipped 4 million devices in the fourth quarter and 14 million in the fiscal year. Wine distributor reported a decline in sales and a loss after paying preferred dividend but forecasted higher than estimated profit for the current year.
The company said it expects earnings per share between 40 cents and 50 cents for the year.
Ruby Tuesday, Inc. (RT: chart), shares fell 58 cents, or 7.4%, to $7.30.
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