PALM is poised to have a strong day on Friday after posting Q3 results that pleased investors. The stock, which closed the regular session at $20.14, is currently trading up over 5% in the afterhours session at $20.14. PALM has a 52 week high of $21.97; there is a good chance that this will be replaced with a new 52 week high on Friday. PALM reported Q3 earnings of 19 cents per share on revenues of $388.5 million dollars, compared to analyst expectations of 16 cents per share of earnings on revenues of $374.7 million dollars. For Q4, the company sees EPS of 22-23 cents per share on revenues of $400-$405 million dollars, compared to analysts consensus of 20 cents per share of earnings on revenues of $397.51 million dollars. Very strong report from the company.
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