On average, analysts polled by Thomson First Call had estimated that the company would earn 19 cents a share excluding costs on $382.9 million in sales in the period.

However, analysts had much higher expectations for the quarter back in June before the company's original guidance for the period disabused them of their notions. At the time of the company's last earnings report , they were calling for a pro forma profit of 22 cents a share on $413.4 million in sales.

Shares of Palm closed regular trading up 58 cents, or 3.9%, to $15.53.

If you liked this article you might like

Short-Circuited

Short-Circuited

SEC Launches Inquiry of Electronic Arts Options

SEC Launches Inquiry of Electronic Arts Options

Apple's iTV Intriguing but Not a Core Business

Apple's iTV Intriguing but Not a Core Business

Street Applauds Adobe Systems

Street Applauds Adobe Systems

Adobe Reaffirms Guidance

Adobe Reaffirms Guidance