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Technology Stocks : All About Sun Microsystems

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From: Lynn11/5/2007 4:27:30 PM
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Sun Micro posts profit as revenue advances
Mon Nov 5, 2007 4:11pm EST

SAN FRANCISCO, Nov 5 (Reuters) - Sun Microsystems Inc (JAVA.O: Quote, Profile, Research) reported on Monday a quarterly profit compared with a year-earlier loss amid strong sales of its high-end computers.

Net income in the company's fiscal first quarter was $89 million, or 3 cents per share, compared with a net loss of $56 million, or 2 cents per share, in the year-earlier period. Revenue advanced to $3.22 billion from $3.19 billion.

Analysts, on average, had expected revenue of $3.26 billion, according to Reuters Estimates.

reuters.com

Groan. JAVA/SUNW--whatever--remains a disappointment.

Lynn
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