North Bergen, New Jersey 3/19/2010 4:35:55 AM
News / Business

Palm Inc Predictions didn’t hit as expected in afternoon trading on Thursday

Palm Inc experiences an 11% drop in Afternoon Trading.

Palm Inc. shares were 11 percent lower in after-hours trade on Thursday. Palm Inc. trades on the “NASDAQ” under the stock symbol, “PALM”. For the Latest information regarding “PALM”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

 

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Palm Inc. (NASDAQ:PALM) had lower than expected revenue in the fiscal fourth quarter on dismal Smartphone sales, sending its shares 11 percent lower in after-hours trade on Thursday.

The share slide wiped out a 5 percent gain in regular trading and extended losses in Palm's stock, which has fallen 40 percent since the start of 2010.

On Thursday, it reported a net loss attributable to common stockholders of $22 million, or 13 cents a share, in the fiscal third quarter, versus a year-ago loss of $98 million, or 89 cents a share.

 

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