PalmOne, Inc. (PLMO: chart) posted Monday quarterly profits that blasted past Wall Street’s expectations, driven by continued strong demand for its handheld and smartphone products. The handheld device maker said that it had a net profit of $13.3 million, or 27 cents a share, in the fourth quarter of fiscal 2004 ended May 28, rebounding from a prior-year net loss of $15 million, or 51 cents a share. Excluding items, palmOne reported income of $15.9 million, or 32 a share, in contrast to a loss of $8.2 million, or 28 cents a share, in the 2003 equivalent. Earnings beat comfortably the consensus analysts’ estimate for a profit of 13 cents a share. Quarterly revenue jumped 23% to $267.3 million, from $217.1 million a year ago. Analysts were looking for revenue of $253 million. palmOne said it shipped about 1.1 million Zire, Tungsten and Treo devices in the fourth quarter. For all of 2004, the Milpitas, California-based company posted a loss from continuing operations of $10.2 million, or 26 cents a share, against a loss from continuing operations of $417.9 million, or $14.38 per share, in 2003.

For the first quarter of fiscal 2005, palmOne forecast earnings of 12 cents a share on revenue of $250 million to $260 million.

palmOne shares closed Monday up $1.11, or 5.45%, at $21.46. The stock was catapulted up 21.67% to $26.11 in after-hours trading.

Geac Computer Corporation Limited (GEAC: chart) said after the bell Monday that it swung to a quarterly profit from a year-ago loss, aided by rising sales. The Markham, Ontario-based software company reported earnings of $22.6 million, or 26 cents a share, for its fiscal 2004 fourth quarter, a turnaround from a net loss of $2.3 million, or 3 cents a share, last year. Sales in the quarter advanced to $116.1 million from $102.6 million, in 2003. Geac recorded software license revenue of $18.4 million in the fourth quarter, a 15.4% increase year-over-over.

The stock rose 3.87% to close Monday at $6.69 on NASDAQ. Geac shares added a penny to $6.70 in after-market trade.

Walgreen Co. (WAG: chart) of Deerfield, Illinois, announced Monday that its third-quarter net income rose 16% to $344.6 million, or 33 cents a share, from net income of $296.1 million, or 29 cents a share, in the 2003 corresponding period. The drugstore chain cited new-store openings, strong prescription drug sales and improved cost control as main factors for the profit rise. Total revenues in the quarter climbed 15% to $9.6 billion from $8.3 billion, a year ago. Same-store sales were up 10.4%.

Walgreen shares gained 87 cents on Monday to $35.77.

Richardson Electronics, Ltd. (RELL: chart) on Monday turned in net income of $2.4 million, or 17 cents per share, for its fiscal fourth quarter, rebounding from a net loss of $11.3 million, or 81 cents per share, a year earlier, when results included restructuring charges and other items. The LaFox, Illinois-based company, which provides RF and microwave components, power semiconductors, and electron tubes, delivered record fourth-quarter sales of $145.4 million, a 22% jump from a year ago.

The stock inched up 2 cents to $11.47 at market close Monday. Company shares plunged 8.63% to $10.48 in the extended session.

World Wrestling Entertainment, Inc. (WWE: chart) of Stamford, Connecticut, reported after market close Monday that it reversed course to a quarterly profit from a prior-year loss, boosted by solid revenue growth. The entertainment company posted net earnings of $19.7 million, or 28 cents per share, in the fourth quarter of fiscal 2004, against a net loss of $4.2 million, or 6 cents per share, in the 2003 comparable quarter. Revenue for the quarter surged 20% to $126.7 million, bolstered by a rise in pay-per-view purchases of its events.

Company shares gained 35 cents on Monday to $13.40.

Everest Re Group Ltd. (RE: chart) confirmed Monday its earnings outlook for fiscal year 2004 but said that it might revise the target upward when it announces second-quarter results. The St. Michael, Barbados-based insurer said that it still sees a profit between $10 and $11 per share in 2004. The average analysts’ forecast is for a profit of $10.84 per share.

The stock closed Monday at $81.35, down 35 cents, or 0.43%.

priceline.com Incorporated (PCLN: chart) of Norwalk, Connecticut, on Monday raised its second-quarter earnings guidance to a range of 29 cents to 32 cents per share, excluding items, from an earlier forecast of 25 cents to 30 cents per share. The Web travel service said strength in airline and hotel bookings helped boost its outlook. Analysts project second-quarter earnings of 28 cents per share, on average.

Company shares dipped 2.27% to close Monday at $28.00. The stock edged up 75 cents to $28.75 in after-hours trading.

Monsanto Company (MON: chart) lifted Monday its profit estimate for the 2004 fiscal year due to robust sales and a lower tax rate. The St. Louis, Missouri-based agrochemicals company said that it now expects a profit of 79 cents to 84 cents a share for fiscal year 2004, compared to its previous target of 70 cents a share. For its third quarter, Monsanto forecast earnings of 90 cents a share, while analysts expect 69 cents a share.

The stock gained 27 cents to $35.69 at market close Monday.

Revlon, Inc. (REV: chart), the New York-based cosmetics company, reduced Monday its financial targets for fiscal year 2004, citing weak demand for color cosmetics such as lipstick and eyeliners. The company said that it now sees 2004 adjusted earnings before items of $190 million on sales growth of 3%, down from an earlier forecast for earnings of $200 million on sales growth of 8% to 9%.

Revlon shares plummeted 11.44% on Monday to $3.02. The stock dropped 2 cents to $3.00 in the extended trade.