Sun Microsystems Inc. (SUNW) Beats the Street
Sun Microsystems Inc. posted a fiscal fourth-quarter profit that beat Wall Street's expectations as the server and software maker benefited from lower expenses and increased adoption of its open-source operating system.
Sun said it earned $329 million, or 9 cents per share, for the quarter ended June 30. That compares with a loss of $301 million, or 9 cents per share, during the same period last year.
Revenues were $3.84 billion, a slight increase from the $3.83 billion in sales the Santa Clara-based company had last year.
Sun said it earned $329 million, or 9 cents per share, for the quarter ended June 30. That compares with a loss of $301 million, or 9 cents per share, during the same period last year.
Revenues were $3.84 billion, a slight increase from the $3.83 billion in sales the Santa Clara-based company had last year.
Labels: Sun Microsystems Inc., SUNW
posted by Stock Administrator @ 5:21 PM
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