, a handheld computer maker, beat Wall Street's expectations for the first fiscal quarter.
Excluding the amortization of deferred stock compensation, Handspring reported a loss of $7.9 million, or 8 cents a share, for the quarter. According to a
First Call/Thomson Financial
survey, five analysts expected the company to lose 12 cents a share for the period.
The company posted revenue of $70.5 million for the first quarter ended Sept. 30. Quarterly revenue rose 36% from the fourth quarter because of strong demand for the company's Visor line of handheld computers and Springboard expansion products, continued expansion in the U.S. retail market, and new distribution channels in Canada, Europe and Asia.