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Sun Microsystems Posts 3Q Profit

Apr 25, 2007, 14:00 (0 Talkback[s])
(Other stories by Jordan Robertson)

"Sun Microsystems Inc. swung to a profit in the third quarter, matching Wall Street's tepid expectations, but shares plunged on fears that lower-than-expected revenue signaled a slowdown in its core server business where the company has been gaining market share.

"Sun said Tuesday its net income was $67 million, or 2 cents per share, for the first three months of the year. That compares with a loss of $217 million, or 6 cents per share, in the same period a year ago..."

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