“If Sun CEO Jonathan Schwartz sounded rather upbeat on today’s
conference call with analysts to discuss the company’s second
fiscal quarter numbers, he had good reason, Sun reported it’s first
profitable quarter in two years. Sun’s stock rose 8 percent in
after-hours trading.“Analysts were predicting profits of a penny, but Sun beat that
handily with $126 million in profits, or 3 cents per share. ‘Sun’s
financial performance this quarter demonstrates that our strategy
and discipline are paying off,’ he said…”