One of my favorite stocks, Research In Motion (RIMM), is soaring this morning on outstanding earnings news. The stock is already up over 12% today.

For the company's fiscal second quarter, earnings-per-share doubled to 50 cents and sales more than doubled to $1.37 billion. MarketWatch notes:

Analysts were expecting earnings of 50 cents a share on revenue of $1.36 billion, according to consensus forecasts from Thomson Financial.

The company said about 1.45 million subscribers were added during the quarter. More than 3 million devices were shipped during the period.

Analyst Jeffrey Fan, of UBS, said that there was "little that disappointed," in RIM's report, and raised his price target on the stock to $125 a share from $120.

Fan added that the upcoming release of the BlackBerry Unite software -- a free program that allows up to five people to share remotely share multimedia files and calendars -- could drive RIM's market penetration into the consumer sector.

In a conference call, company officers highlighted strong sales of RIM's line of Pearl smart phones as well as the BlackBerry Curve. Both are devices that the company has targeted to the so-called "prosumer" market, meaning high-end consumers not typically picked up by RIM's strong corporate business.

"This outperformance was driven by a strong product cycle perp as well as the diversification of our user base across multiple geographies and multiple market segments," CEO Jim Balsillie said during the call.

According to Balsillie, more than 30% of the company's subscriber base now comes from outside the corporate environment.

In my Blue Chip Growth service, I rate Research In Motion a strong buy for aggressive investors up to $97 a share.