Palm Inc. (PALM) reported a GAAP net loss attributable to common stockholders of $22.0 million or $0.13 per share for the third quarter, compared to a net loss of $98.0 million or $0.89 per share in the prior year quarter.
Non-GAAP net loss was $102.8 million or $0.61 per share, compared to a loss of $94.7 million or $0.86 per share n the year-ago quarter.
Revenue for the third quarter surged to $349.9 million from $90.6 million in the previous year quarter. On a non-GAAP basis, revenues would have been $366.0 million for the latest quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.42 per share on revenue of $316.19 million for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.