Palm (PALM) Surging After Exceeding Expectations
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Palm (Nasdaq: PALM) is surging after-hours after it exceeded Q4 expectations. Media outlets were highlighting Palm's GAAP revenue for the quarter of $86.8M, but it also disclosed non-gaap revenues of $113.2 million versus consensus of $80.64 million. Additionally, Palm beat the Q4 EPS view by 22 cents.
Palm is currently trading up 9% in after-hours trading to $15.30.
Palm will likely continue to be volatile until the conference call is over because investors are looking for some more color on Palm's recently launch smartphone, the Palm Pre.
UPDATE: Click here to see some highlights from Palm's Q4 conference call.
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