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Palm posts $105 million loss for the fourth fiscal quarter

Discussion in 'TechSpot News and Comments' started by Matthew, Jun 26, 2009.

  1. Matthew TechSpot Staff Posts: 5,893   +53

    Despite a pretty successful launch, Palm’s Pre arrived too late to pull the company out of the red. The Sunnyvale-based company posted its fourth quarter fiscal earnings yesterday, reporting a net loss of $105 million – or $.78 per diluted share. This continues an unfortunate trend for the company, which saw a $43.4 million loss in the year ago quarter.

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    Matthew, Jun 26, 2009
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