Comments on: Palm Beats Analysts' Expectations, Revenues Up 30%
While Palm's most recent quarter was far from the best in the company's history, neither was it the worst and it did better than the pessimistic predictions of market analysts. The company reported a net loss of $32.4 million, or 6 cents per share, for the first quarter of its fiscal 2002. After excluding special items, it had a loss of $38.7 million, or 7 cents a share, which is better than the 9-cent loss that had been predicted by analysts. In a related announcement, the PalmSource conference which had been scheduled for next month, has been postponed.
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