11:01 AM EST - Research In Motion Ltd. : shares of the company soared in early trading Friday, gaining more than 20 percent after the maker of the BlackBerry handheld device reported preliminary results for the second quarter and a third-quarter outlook that exceeded Wall Street's expectations. RIM said second-quarter net income totalled US$140.8 million, or 74 cents per share, above the average estimate of 71 cents among Wall Street analysts surveyed by Thomson Financial. Analysts had been expecting earnings of 71 cents per share. Revenue was $658.5 million, up 34 per cent from the year-ago period and also above expectations. Research In Motion Ltd.
T.RIM are trading up $20.20 at $115.50.
