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Sun Tops Estimates in Second Quarter

Jan 25, 2008, 22:00 (0 Talkback[s])
(Other stories by Andy Patrizio)

"Sun Microsystems on Thursday reported a second-quarter profit of $260 million, or 31 cents a share, a 94 percent increase from the year-ago quarter when it earned $133 million, or 15 cents a share.

"Revenue in the quarter checked in at $3.61 billion, up slightly from the $3.56 billion it recorded in the same period last year. Gross margins for the quarter came in at 48.5 percent, up from 45 percent a year ago.

"Analysts had been expecting, on average, earnings of 30 cents a share, on $3.59 billion in revenue, so Sun slightly edged out both revenue and earnings estimates..."

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