Research-In-Motion ( RIMM) said it earned $132.5 million, or 67 cents a share, for the first quarter ended May 28, compared with $55 million, or 28 cents a share, a year ago. Revenue for the quarter was $453.9 million, up 68% from $269.6 million for the same period last year. Excluding certain items, the company earned $110.1 million, or 56 cents a share. Analysts expected earnings of 55 cents a share on revenue of $452.1 million, according to Thomson First Call.

Looking ahead, the mobile communications provider expects second-quarter earnings to be 57 cents to 63 cents a share on revenue in the range of $465 million to $490 million. RIM's earnings guidance matched the range the company gave back in April, while the revenue outlook was actually up by $5 million on both the low and high ends. But the midpoints of the outlook -- earnings of 60 cents a share on about $477.5 million in sales -- were below analysts' estimates.

PalmSource ( PSRC) said it earned $18.3 million, or $1.12 a share, for the fourth quarter ended June 3, vs. a loss of $2.9 million, or 23 cents a share, a year ago. Revenue for the quarter was $17.3 million. Excluding certain items, the company reported a loss of $672,000, or 4 cents a share. According to Thomson First Call, analysts expected a loss of 2 cents a share on revenue of $17.5 million. For the first quarter, PalmSource expects to report a GAAP loss of 23 cents to 26 cents a share on revenue of $14.3 million to $14.8 million. The stock was down 95 cents, or 10%, to $8.50 on Instinet.

3Com ( COMS) reported a loss of $58 million, or 15 cents a share, for the fourth quarter ended June 3, vs. a loss of $18.7 million, or 5 cents a share, a year ago. Revenue for the quarter was $177 million. Looking ahead, the company expects first-quarter revenue of $170 million to $175 million, compared with Wall Street's expectations of $172 million. The stock was down 17 cents, or 4.49%, to $3.62 on Instinet.

Penwest Pharmaceuticals ( PPCO) said the Food and Drug Administration issued a non-approvable letter for its new drug application for PW2101, a beta blocker intended for the treatment of hypertension and angina. In the letter, the FDA stated that the application was non-approvable due to the degree of kinetic variability of PW2101 among individuals. The stock was down $1.42, or 11.9%, to $10.50 on Instinet.

BMC Software ( BMC) reported earnings of $15.5 million, or 7 cents a share, for the fourth quarter ended March 31, down from $36.9 million, or 16 cents a share, a year ago. Revenue for the quarter was $395.1 million. Excluding special items, the company would have earned $19.5 million, or 9 cents a share, for the quarter. Analysts expected earnings of 10 cents a share on revenue of $393 million, according to Thomson First Call. The stock was up 5 cents, or 0.29%, to $17.42.

St. Mary Land & Exploration ( SM) announced that its Nance Petroleum unit signed an agreement to purchase oil and gas properties for $39 million in cash. The properties are located in the Wind River and Powder River Basins of Wyoming and currently produce 530 barrels of oil per day. The deal is expected to close Aug. 2. The company also named David W. Honeyfield chief financial officer in addition to his duties as vice president of finance, secretary and treasurer. The stock was unchanged at $28.62.

Robbins & Myers ( RBN) said it earned $2.1 million, or 14 cents a share, for the third quarter ended May 31, compared with $3.8 million, or 26 cents a share, a year ago. Revenue for the quarter was $157.6 million. Excluding certain items, the engineering and equipment maker earned 20 cents a share. Analysts expected earnings of 25 cents a share on revenue of $157.8 million, according to Thomson First Call.

WD-40 ( WDFC) said it earned $6.4 million, or 38 cents a share, for the third quarter ended May 31, compared with $6.1 million, or 35 cents a share, a year ago. Revenue for the quarter was $65.1 million, up 9.1% from $59.7 million for the same period last year. Analysts expected earnings of 36 cents a share on revenue of $70.5 million, according to Thomson First Call. The company cut its guidance for fiscal 2005 to $1.50 to $1.55 a share on revenue of $260 million to $265 million, citing higher costs of goods and current sales trends. Analysts expected profits of $1.59 a share on revenue of $269 million, according to Thomson First Call. The stock was down 90 cents, or 3.04%, to $28.70.