Revenues totaled $392.3 million, consistent with guidance of $390 million to $395 million. GAAP profits of 12 cents a share were just above the projected 10-11 cents a share; non-GAAP of 17 cents was likely a bit ahead of the projected 15-16 cents.
For the fiscal third quarter, the company sees revenue of $400 million to $410 million; that is below the Street consensus of $416.6 million. The company sees GAAP earnings of 8-10 cents a share, and non-GAAP of 11-13 cents; the Street projected 16 cents non-GAAP.
Palm’s release stressed the fact that sell-through of smart phones totalled 617,000 units, up 42% from last year and 8% sequentially.
In after hours trading, Palm is up 26 cents at $13.96.
