Profit at Palm Fell by 95% in Quarter
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A delay in the release of its newest Treo device prompted the first drop in sales at Palm Inc. in more than three years.
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Palm Inc.  posted lower quarterly earnings on Thursday as increasing sales of its Treo smartphones were offset by a downturn in its more profitable handheld computers.
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Palm Inc., whose Treo smart phone is facing increasing competition from Apple Inc., Nokia Corp. and other offerings, said Wednesday it may see a small loss or break even in its fiscal first quarter.
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Colgate-Palmolive Co. CL.N on Monday  issued its first formal profit warning in almost a decade,  saying earnings will fall well short of Wall Street forecasts  due to higher marketing spending, sending its shares down 11  percent to a four-year low.
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Texas Instruments Inc  reported lower quarterly profit and revenue on Monday as weak demand for calculators outweighed improving sales of advanced phones that use its wireless chips.
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Kroger Co. on Tuesday posted a 25 percent drop in quarterly profit and warned it may not reach its sales target for the year, sending shares of the top US grocer
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Plus: Palm's losses continue...Take-Two loss shrinks, but outlook falls short...Adobe profit up 21 percent.
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Palm Inc. warned Wednesday of lower-than-expected revenue for its fiscal first quarter due to a decline in retail shipments of its Treo smart phones.
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Palm, the maker of Treo smart phones, said profit slipped on stock option expenses and slow sales growth amid tougher competition.
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Shares of PalmSource (Nasdaq: PSRC) are down 17% to $20.80 today after the company reported its first-quarter results yesterday afternoon.
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Nokia Oyj, the world&#39;s largest mobile- phone maker, said profit may drop for a second straight quarter. Earnings fell 20 percent in the three months ended in September because the company cut prices to regain market share.
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Kroger Co. on Tuesday posted a 25  percent drop in quarterly profit and warned it may not reach  its sales target for the year, sending shares of the top U.S.  grocer down as it grapples with lingering fallout from a strike  in Southern California.
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Colgate-Palmolive Co. CL.N on  Wednesday said profit fell in the third quarter because of  increased marketing spending and higher costs for raw  materials.
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(InfoWorld) - AfterÂ canceling its controversial FoleoÂ product and continuing to struggle with a shift away from the personal digital assistant market, Palm warned on Wednesday that its upcoming earnings report could be weaker than expected. For the quarter ending Aug. 31, Palm will lose $0.01 per share or break even, the company said. Earlier, the company had said it expected a loss of $0.01 or a gain of $0.01 in the period. That compares with a gain of $0.35 per share in the same quarter last year. Palm also narrowed its revenue forecast to between $359 million and $361 million, instead of the previously expected $355 million to $365 million. Palm will release its quarterly earnings report on Oct. 1. The company is facing challenges as it changes its business from one focused on PDAs to one that specializes in smart phones. Earlier this month, Palm announced it wouldn't ship the Foleo, a companion product to itsÂ Treo smart phone, as planned. When the device was announced, analysts said it would be too expensive and wouldn't offer valuable features. Palm said it decided to focus instead on its own software platform that is due out in 2008 or 2009.
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Kroger Co. on Tuesday posted a 25  percent drop in quarterly profit and warned it may miss a key  2004 sales target because of lingering woes from a Southern  California strike, sending its shares down sharply.
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Palm Inc , the maker of  Treo smartphones, posted a quarterly loss on Tuesday after a  delay of a key new product.
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The newspaper publisher and television station operator said fourth-quarter profit dropped 70 percent, hurt by a write-down and less political advertising revenue.