Palm swings to loss as revenue misses expectations - MarketWatchFirst Faved : Jun 27 2008 by ToshFaved : 1 time with noteViewed : 0 timesFave It!
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Quoted: For the quarter ended May 31, Palm reported a net loss of $43.4 million, or 40 cents a share, compared with earnings of $15.4 million, or 15 cents a share, for the same period last year. On a non-GAAP basis, the company said net losses totaled $23.9 million, or 22 cents per share.
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Revenue fell by 26% to $296.2 million from $401.3 million last year.
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