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BUSINESS BRIEFING / EARNINGS

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Times Wire Reports

BlackBerry maker Research in Motion Ltd. said its profit jumped in its fiscal fourth quarter, surpassing analysts’ expectations.

RIM said it earned $518.3 million, or 90 cents a share, up 26% from a year earlier. Analysts polled by Thomson Reuters had expected a profit of 84 cents a share.

The Waterloo, Canada, company said its sales jumped 84% to $3.46 billion, slightly higher than the $3.42 billion that analysts expected.

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Shares jumped $11.49 to $60.58 in after-hours trading.

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