Palm (PALM) Sinks 9% After Weak Results/Guidance
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Palm, Inc. (Nasdaq: PALM) is down 9% after reporting disappointing Q2 results and guidance.
Palm reported a Q2 loss of $0.07, versus the consensus of a $0.08 loss. Revenues came in at $349.8 million, versus the consensus of $350.3 million.
Palm sees Q3 revenues of $310-$320 million, versus the consensus of $358 million. Sees Q3 adj loss of $0.14-$0.16, versus the consensus of a $0.04 loss.
Palm reported a Q2 loss of $0.07, versus the consensus of a $0.08 loss. Revenues came in at $349.8 million, versus the consensus of $350.3 million.
Palm sees Q3 revenues of $310-$320 million, versus the consensus of $358 million. Sees Q3 adj loss of $0.14-$0.16, versus the consensus of a $0.04 loss.
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