06-30-2005, 06:39 PM
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PalmOne scores a quarterly profit thanks to Treo device
 PalmOne (stock symbol: PLMO) reported a better-than-anticipated profit for the fourth quarter due to heavy demand for its Treo 650 wireless device. The company also raised revenue guidance.PalmOne earned $17.7 million in the quarter, compared with earnings of $13.3 million last year. Revenue rose 26% from a year ago to $335.8 million. The company said that it saw a "very strong sell-through" for the Treo 650 in the quarter, representing a 250% year-over-year increase, and that overall, it shipped about 1 million products in the period. For the year, shipments reached 4.5 million devices. The company will change its name to Palm Inc. and its ticker symbol to PALM on July 14. Read the full fourth-quarter results here. |
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