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Sun Expects Q4 Earnings Above Estimates

But some analysts had been looking for $3.8 billion and 27 cents
By Java News Desk
Article Rating:
July 17, 2008 05:15 AM EDT
Reads:
 2,449
On Tuesday evening Sun issued a fourth-quarter guidance range largely above analysts' estimates. The company pre-announced that revenue for its fiscal fourth quarter ended June was $3.725 billion to $3.8 billion, with gross margin in the 44-45% range. Sun expects non-GAAP profits of 25-35 cents a share. Some analysts nonetheless had been looking for $3.8 billion and 27 cents.

"In these difficult economic times, we continue to see customers across the world look to open software and hardware as a source of savings, and feel Sun is well positioned with our most robust line ever of server, storage, software and service offerings,” said Sun CEO Jonathan Schwartz (pictured).

Published July 17, 2008 – Reads 2,449
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