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Palm Expects Higher Losses

Palm has announced lowered second-quarter expectations, saying that losses will be higher than it previously anticipated. The Treo maker attributed the increased losses to delayed product cycles.

The company said it now expects sales to tally between $345 million and $350 million for the quarter; Palm earlier had predicted sales of between $370 million to $380 million. Palm said it now expects losses between 8 and 10 cents per share, excluding some 1-time costs; previously, the company had announced expected losses of 1 to 3 cents per share. For the same quarter last year, Palm earned 12 cents per share on sales of $393 million.

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December 11, 2007 Posted by | Cell phone news, Cellphone, Mobile Industry news, Mobile news, mobile sales quarter 3 2007 | , , | Leave a comment