TheStreet.com RealMoney

You've Gotta Hand It to Palm

By Jay Somaney

 About this article:
 For Somaney's preview heading into the Palm conference call, please click here. Palm reported much better-than-expected numbers on Thursday night after the close of regular market trading. Given the sky-high expectations going into the call, it was indeed a surprise at how handily the company was able to exceed Street estimates. The company reported a loss of 40 cents per share on revenue of $113 million. The Street was expecting a loss of 62 cents per share on revenue of $81 million. So, a nice beat on both counts. The company said that sell-through in the quarter was 460,000 units vs. consensus expectations of 450,000 units sold. The company reported higher-than-expected margins, cash levels were up, and management stated that Palm was seeing strong demand from its enterprise customers for the Pre. The company declined to provide any guidance going forward but did say that it would...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.