RIM's Financial Result

Earnings jumped nearly 26% at $518.2 million, or 90 cents a share -- higher than Wall Street's estimates.

Gross margins for the quarter came in at 40%.

Revenue rose nearly 25% to $3.46 billion for the quarter. The company says it shipped 7.8 million smart-phone units during that time.

Analysts were expecting earnings of 84 cents a share on revenue of $3.41 billion, according to consensus estimates from FactSet Research.

For the current quarter, RIM said it expects earnings of 88 cents to 97 cents a share -- analysts were expecting earnings of 82 cents a share for the period. Revenue is expected to come in around $3.3 billion to $3.5 billion, compared with the $3.37 billion predicted by Wall Street.

The company said gross margins for the first quarter are expected to come in between 43% to 44%.