Rose........someone's making money out there
Hope All is well
T
Palm Results Top Forecasts
PALO ALTO, Calif. (Reuters) - Palm Inc. (PALM.O), the No. 1
maker of hand-held electronic organizers, on Monday reported
fiscal first-quarter operating results that topped analyst
forecasts as sales more than doubled.
The Santa Clara, Calif.-based company, which was recently
spun off from 3Com Corp (COMS.O)., said that for the period
ended Sept 1, operating profit rose to $23.9 million, or 4
cents a share, up from $10.0 million, or 2 cents, a year ago.
Sales rose to $401.0 million from $176.5 million.
On that basis, the results topped profit forecasts of 2
cents a share, according to First Call/Thomson Financial.
It was the third consecutive quarter in which sales doubled
from a year ago and sales continue to be strong, with Palm
adding that it shipped about 1.5 million Palm devices in the
quarter, bringing to more than 8.7 million total Palms sold.
Including amortized goodwill and intangible assets,
purchase in-process technology and separation costs, Palm had
net income of $17.3 million, or 3 cents a share, up from $9.7
million, or 2 cents, a year ago. |
