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High Tech News

Sun Returns to Black After Years in Red

Wednesday, January 24, 2007 12:19:35 AM
By RACHEL KONRAD

Sun Microsystems CEO and president Jonathan Schwartz smiles during a news conference in San Francisco, Monday, Jan. 22, 2007.  Sun Microsystems Inc. is expected to post fiscal second-quarter earnings after the bell. Analysts expect the struggling hardware and software veteran to earn $26.42 million, or 1 cent per share, on sales of $3.52 billion. (AP Photo/Paul Sakuma)SAN FRANCISCO (AP) - Wall Street has welcomed Sun Microsystems Inc. back in the black, but investors are questioning whether the notoriously boom-and-bust company can remain profitable for the long term.

For the three months ended Dec. 31, the server and software maker earned $126 million, or 3 cents per share, up from a net loss of $223 million, or 7 cents per share, in the year-ago period.

Fiscal second-quarter revenue totaled $3.57 billion, up 7 percent from $3.34 billion a year earlier.


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