Big earnings for Palm
March 23, 2006 – 10:50 amPalms has release a preview of earnings which shows the numbers looking really good.
EXPECTATIONS: For the three months ended Feb. 28, Palm is expecting to earn 31 cents to 33 cents per share — before a 2-for-1 stock split effective March 15 — and revenue of $370 million to $375 million. On average, analysts polled by Thomson Financial predict income of 16 cents per share and $374.7 million in revenue.
It’s not hard to understand why Palm is doing so well. They have a huge installed user base and a basic reputation for reliability, two things which just can’t hurt in the handheld space.
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