Palm 3Q Earnings Below Expectations
Mar 24, 2008
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For the quarter ending Feb. 29, Palm, Inc. said it lost US$31.5 million, or $0.30 per share, compared with a profit of $11.8 million, or $0.11 per share in the year-ago period. Revenue fell 24% over the same period last year. Excluding one-time items, the company lost $17 million. Revenue was $312.1 million, down from $410.5 million in the year-ago period.

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