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PALM Preview: A Lot Riding on the Pre

By Jay Somaney

 About this article:
 Thursday evening after the close of trading, Palm will report its results for the quarter ended May 31. The Street expects the company to lose 62 cents per share on revenue of $80.6 million for the May quarter. For the August quarter, the sell-siders are forecasting another loss of 30 cents a share on revenue of $279 million. For the next fiscal year, ending May 2010, the analysts are expecting a loss of 74 cents per share on revenue of $1.51 billion, which is more than double the revenue Palm saw in the fiscal year that ended May 31, 2009. For fiscal year 2009, current consensus calls for a loss of $2.37 per share on revenue of $729.8 million. Palm has been flying high of late on optimism regarding the new Palm Pre. Since the launch of the Pre on the weekend of June 6 and...

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