TheNewsRoom | Palm Earnings Beat, Forecast Disappoints

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Palm Earnings Beat, Forecast Disappoints

September 21, 2009

Palm (PALM) earnings beat Wall Street estimates last night after the bell, but the smartphone maker announced a lackluster second quarter sales forecast, which is putting a damper on shares in the pre-market. Palm said its second quarter loss totaled $164.5 million, or $1.17 per share, as compared to a much narrower loss of 39 cents per share in the same quarter last year.