SANTA CLARA, California, United States—Personal digital assistant maker Palm said it would report second-quarter revenues of between US$250 and US$280 million—meeting the upper end of its prior guidance and significantly beating analyst projections—but also that it would cut 250 jobs as part of its ongoing cost-cutting effort.
Palm also said it will meet analyst estimates of a loss of about US$0.07 per share for the quarter. The company will release its results for the second quarter on 19 December.
“We are pleased to report an improvement in our revenue outlook,” said Eric Benhamou, Palm’s chairman of the board and chief executive officer (CEO). “Palm is executing better than a few months ago in both of our core businesses. And we are now in a position to further reduce our cost structure. Together, these favorable factors will accelerate our return to profitability.”
