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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Palm loss narrower than expected, shares leap Thu Jun 25, 2009 4:30pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] SAN FRANCISCO (Reuters) - Smartphone maker Palm Inc (PALM.O) on Thursday posted a narrower-than-expected loss despite a steep revenue decline, sending its shares up more than 7 percent. The maker of the Pre posted a net loss applicable to common shareholders of $105 million, or 78 cents a share, in the fiscal fourth-quarter ended May 29, compared with a loss of $43.4 million, or 40 cents a share, in the year-ago period. Excluding items, Palm's loss came to 40 cents a share, versus an average analyst estimate of 65 cents a share, according to Reuters Estimates. Revenue fell more than 70 percent to $86.8 million, versus a Wall Street estimate of $80.3 million. Shares of Sunnyvale, California-based Palm closed at $14.02 on the Nasdaq and rose to $15.03 in extended trading. The company's shares have more than quadrupled this year. (Reporting by Gabriel Madway; Editing by Phil Berlowitz) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Microsoft, VivaKi team up in digital and TV advertising Also On Reuters Health video games become serious business Blog: Is Starbucks really a small business killer? Heads of top U.S. companies snub blogs, Facebook: study More Technology News Google slammed as China, U.S. quarrel over Internet | Video Microsoft to cut prices on Windows 7 system Microsoft, VivaKi team up in digital and TV advertising Heads of top U.S. companies snub blogs, Facebook: study Microsoft CEO still open to partnership with Yahoo More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video California set to issue IOUs as fiscal crisis weighs UPDATE 3-Farrah Fawcett, 1970s sex symbol, dies aged 62 Fannie, Freddie asked to relax condo loan rules: report Live on Television: U.S. politicians confess sins Studios wary of Oscar's new best-picture rule Iran's Ahmadinejad compares Obama to Bush | Video Supreme Court rejects school strip search Farrah Fawcett, 1970s sex symbol, dies aged 62 Buffett laments that U.S. economy has "no bounce" More than "renewable" energy needed: Microsoft Most Popular Articles RSS Feed Video Missing SC governor returns Global drug appetite waning? N.Korea's anti-U.S. rally Google briefly blocked in China Star-struck teenager sues Israel radio voices Iran unrest Pop star builds 3 schools for poor Formula One split averted. Brazil plane crash victim's funeral Austria cleans up after floods Most Popular Videos RSS Feed We want to hear from you Join the Reuters Consumer Insight Panel and help us get to know you better Please take a moment to complete our survey Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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