Wednesday, January 25, 2006
Sun Microsystems posted quarterly results that missed analyst expectations on higher costs even as revenue rose, helped by the acquisition of Storage Technology Corp.
Sun Microsystems said it had a net loss of $223 million, or 7 cents per share in its fiscal second quarter ended in December, compared with a year-ago net profit of $4 million. Revenue rose 17 percent to $3.34 billion from $2.84 billion.
Excluding items, Sun had a loss of 1 cent per share. On that basis, analysts had expected a profit of 1 cent per share, on average, within a range of a loss of 2 cents per share to a profit of 4 cents per share. Revenue was pegged at $3.50 billion.
By: DocMemory
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