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Palm (PALM) Reports Q1 Loss of $0.10, Beats by 14c; Guides Q2, FY10

September 17, 2009 4:06 PM EDT
PALM Hot Sheet
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Palm, Inc. (Nasdaq: PALM) reports Q1 loss of $0.10, 14 cents better than the analyst estimate of ($0.24). Revenue for the quarter was $360.7 million, which compares to the estimate of $297.74 million.

Sees Q2 adj-sales of $240-$270 million, versus the consensus of $344.36 million.

Sees FY10 adj-revenue of $1.6-$1.8 billion, versus the consensus of $1.57 billion.

Shipped 823,000 smartphones during the quarter.

UPDATE: Click here to see some highlights from Palm's Q1 conference call.

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