Treo delay dents Palm earnings

Iria · Nov 28, 2006, 04:34 AM

Source: News.com
_______
Handheld maker Palm said Monday that a delay in U.S. certification of its latest Treo will cause current quarter sales and profits to fall short of estimates.

In a statement, Palm said it now expects revenue for its second fiscal quarter, ending December 1, to be in the range of $390 million to $395 million, as compared with prior estimates of $430 million to $450 million provided September 21. Earnings will also fall short of estimates, Palm said, with per-share earnings expected to be 10 cents to 11 cents, versus prior estimates of between 15 cents and 18 cents.

Nov 28, 2006, 04:34 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Treo delay dents Palm earnings Source: News.com _______ Handheld maker Palm said Monday that a delay in U.S. certification of its latest Treo will cause current quarter sales and profits to fall short of estimates. In a statement, Palm said it now expects revenue for its second fiscal quarter, ending December 1, to be in the range of $390 million to $395 million, as compared with prior estimates of $430 million to $450 million provided September 21. Earnings will also fall short of estimates, Palm said, with per-share earnings expected to be 10 cents to 11 cents, versus prior estimates of between 15 cents and 18 cents.