Palm Inc. (PALM) reported a fourth quarter adjusted net loss of $0.40 per share after the bell Thursday, compared to the loss of $0.22 per share last year. The consensus estimate was for a loss of $0.62 per share.
Palm Inc. gapped open higher Friday and climbed during the second half of the morning. Shares finished up by $2.20 at $16.22 on the highest volume of the year. The stock broke out of nearly a one-month range and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.