3/15/2010- Morgan Stanley analysts expect Palm (NASDAQ:PALM) to report revenue of $310 million, inline with the preannounced range of $300 million to $320 million and a loss of $0.32 per share.
Analysts Ehud Gelblum, Avi Silver, and Kimberly Watkins said, "As PALM already preannounced both revenue and its ending cash balance of >$500M exiting the quarter, the focus likely turns to three things: 1) actual sell-thru, which was clearly quite weak; 2) cash burn guidance for next quarter, which we believe could be quite large; and 3) whether VZ boosts the marketing."
The bank sees a fiscal 2010 loss of $1.41 per share, vs. consensus estimates for a loss of $1.27 per share, and a fiscal 2011 loss of $1.18 per share, vs. consensus estimates of $0.95 per share.
Keywords: Morgan Stanley
Ticker(s): PALM
Company Information For: PALM
