Palm topped analyst estimates in its last quarter as a privately held company, but expects slower growth in the near future.
Published:
29 March 2000 y., Wednesday
After market close Tuesday, the maker of handheld computers reported pro forma fiscal third quarter net income of $15.5 million, or 3 cents per share, excluding one-time events. First Call_s survey of six analysts predicted a profit of a penny per share for the quarter ended Feb. 25.
Including $8.2 million in separation costs, Palm earned $11 million, or 2 cents per share. Shares of Palm rose as high as 56 3/8 in afterhours activity on the Island electronic communications network, although the price retreated from that level subsequently. The stock closed Tuesday_s regular trading at 54 13/16, down 9/16 for the session. Third quarter revenue increased $272.3 million, up 116 percent from $125.9 million in the year ago period, and a 5 percent gain sequentially.
Palm expects fourth quarter revenue ranging between $280 million to $295 million, or year-over-year growth of 61 to 69 percent. Fiscal 2001 will likely see growth between 40 and 45 percent.
Šaltinis:
Internet
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »