THE Australian government has sold $500 million of Treasury notes that mature on July 26, 2013.
The Australian Office of Financial Management (AOFM) said the notes were sold for a weighted average yield of 2.7891 per cent
The sale attracted bids totalling that totalled $2.881 billion, giving a coverage ratio of 5.76.
THE Australian government has sold $600 million of January 21, 2018, Treasury bonds.
The Australian Office of Financial Management, which conducts the auction on the behalf of the government, sold the bonds for a weighted average yield of 3.0173 per cent on Friday.
The sale attracted bids totalling $2.345 billion, giving a coverage ratio of 3.91.
BlackBerry maker Research In Motion surprised Wall Street by returning to profitability. Source: AAP
RESEARCH In Motion says it sold about one million of its critically important new BlackBerry 10 devices and surprised Wall Street by returning to profitability in the most recent quarter.
The earnings provide a first glimpse of how RIM's new touch-screen BlackBerry Z10 is selling internationally and in Canada since its debut on January 31.
The one million Z10 phones exceeded the 915,000 analysts had been expecting.
The BlackBerry, pioneered in 1999, had been the dominant smartphone for on-the-go business people and other consumers before the iPhone debuted in 2007 and showed that phones can handle much more than email and phone calls.
RIM faced numerous delays modernising its operating system with the BlackBerry 10. During that time, it had to cut more than 5000 jobs and saw shareholder wealth decline by more than $US70 billion ($A67 billion).
In the quarter that ended March 2, RIM earned $US98 million, or 19 US cents a share, compared with a loss of $US125 million, or 24 US cents a share, a year earlier. After adjusting for restructuring and other one-time items, RIM earned 22 US cents a share. Analysts surveyed by FactSet had been expecting a loss of 31 US cents.
Revenue fell 36 per cent to $US2.7 billion, from $US4.2 billion. Analysts had expected $US2.82 billion.
Despite the BlackBerry 10 sales, RIM lost about three million subscribers to end the quarter with 76 million.
Bill Kreyer, a tech analyst for Edward Jones, called the decline "pretty alarming".
"This is going to take a couple of quarters to really see how they are doing," Kreyer said.
RIM, which is changing is formal name to BlackBerry, said it expects to break even in the current quarter.
"To say it was a very challenging environment to deliver improved financial results could well be the understatement of the year," chief executive Thorsten Heins said during a conference call with analysts on Thursday.
"I thought they were dead. This is a huge turnaround," Jefferies analyst Peter Misek said from New York.
Misek said the Canadian company "demolished" the numbers, especially its gross margins. RIM reported gross margins of 40 per cent, up from 34 per cent a year earlier. The company credited higher average selling prices and higher margins for devices.
The company also announced that co-founder Mike Lazaridis will retire as vice-chairman and director.
BlackBerry maker Research In Motion surprised Wall Street by returning to profitability. Source: AAP
RESEARCH In Motion says it sold about one million of its critically important new BlackBerry 10 devices and surprised Wall Street by returning to profitability in the most recent quarter.
The earnings provide a first glimpse of how RIM's new touch-screen BlackBerry Z10 is selling internationally and in Canada since its debut on January 31.
The one million Z10 phones exceeded the 915,000 analysts had been expecting.
The BlackBerry, pioneered in 1999, had been the dominant smartphone for on-the-go business people and other consumers before the iPhone debuted in 2007 and showed that phones can handle much more than email and phone calls.
RIM faced numerous delays modernising its operating system with the BlackBerry 10. During that time, it had to cut more than 5000 jobs and saw shareholder wealth decline by more than $US70 billion ($A67 billion).
In the quarter that ended March 2, RIM earned $US98 million, or 19 US cents a share, compared with a loss of $US125 million, or 24 US cents a share, a year earlier. After adjusting for restructuring and other one-time items, RIM earned 22 US cents a share. Analysts surveyed by FactSet had been expecting a loss of 31 US cents.
Revenue fell 36 per cent to $US2.7 billion, from $US4.2 billion. Analysts had expected $US2.82 billion.
Despite the BlackBerry 10 sales, RIM lost about three million subscribers to end the quarter with 76 million.
Bill Kreyer, a tech analyst for Edward Jones, called the decline "pretty alarming".
"This is going to take a couple of quarters to really see how they are doing," Kreyer said.
RIM, which is changing is formal name to BlackBerry, said it expects to break even in the current quarter.
"To say it was a very challenging environment to deliver improved financial results could well be the understatement of the year," chief executive Thorsten Heins said during a conference call with analysts on Thursday.
"I thought they were dead. This is a huge turnaround," Jefferies analyst Peter Misek said from New York.
Misek said the Canadian company "demolished" the numbers, especially its gross margins. RIM reported gross margins of 40 per cent, up from 34 per cent a year earlier. The company credited higher average selling prices and higher margins for devices.
The company also announced that co-founder Mike Lazaridis will retire as vice-chairman and director.
THE Australian government has sold $600 million of July 21 2017 Treasury bonds.
The Australian Office of Financial Management (AOFM), which conducts bond auctions on the behalf of the government, said the bonds were sold for a weighted average yield of 3.0888 per cent.
The sale attracted bids totalling $1.965 billion, giving a coverage ratio of 3.28.
THE Australian government has sold $600 million of October 21, 2015, Treasury bonds.
The Australian Office of Financial Management (AOFM), which conducts bond auctions on behalf of the government, said the bonds were sold for a weighted average yield of 2.7842 per cent.
The sale attracted bids totalling $1.99 billion, giving a coverage ratio of 3.32.
