Analyst Actions: Palm, Pier 1, Marvell Entertainment, Whiting Petroleum
Citigroup cut its estimates and kept a sell opinion on Palm (PALM) shares after the company posted $0.01 first quarter loss (GAAP) per share, vs. $0.16 EPS a year ago, as narrowed gross profit, higher total operating expenses offset 1.4% revenue rise. Palm sees a second quarter loss (GAAP) of $0.01-$0.03 on $370-$380 million revenue.
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