SAN FRANCISCO -- Smartphone maker
said Wednesday that it will report results in line with analysts' expectations.
Excluding charges, the company expects to post earnings per share of 8 cents to 9 cents a share for the first quarter fiscal 2008, bracketing Street expectations of 8 cents a share. Palm reported earnings of 21 cents a share in the year-ago quarter.
Revenue is likely to be in the range of $359 million to $361 million for the quarter, Palm said. Analysts polled by Thomson Financial are expecting revenue of $359.9 million. The company reported revenue of $355.7 million the same quarter a year ago.
Shares of Palm were recently off nearly 3% to $15.32 in recent after-hours trading.
Smartphone revenue is expected to be in the range of $300 million to $302 million for the quarter, and smartphone sell-through is expected to range between 685,000 units to 690,000 units, said Palm.
The company expects gross margin in the range of 36% to 36.2%.
Palm will report its full results for the first quarter on Oct. 1.