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Updated from 4:56 p.m. EST
Palm(PALM Quote), boosted by robust smartphone sales, on Thursday reported third-quarter earnings and revenue that surpassed analysts' estimates.
For the quarter ended Feb. 28, excluding items, the maker of the popular Treo earned 19 cents on sales of $388.5 million, compared with 10 cents and revenue of $285.3 million in the year-ago period -- a 36% increase.
On average, analysts polled by Thomson First Call forecast income of 16 cents a share and $374.7 million in revenue. ...
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