Sun Beats the Street
posted on: January 24, 2008
| about stocks:
JAVA
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Sun Microsystems (JAVA) Thursday afternoon reported revenue for its fiscal second quarter ended
December 30 of $3.615 billion, with EPS of 31 cents a share; that is
just ahead of the Street at $3.59 billion and 30 cents.
In the company’s release,
CEO Jonathan Schwartz said the results “clearly demonstrate steady
progress against our financial targets and highlight the accelerating
demand set to fuel growth in the back half of the fiscal year.”
Sun Thursday rose $1.27, or 8.6%, to $16.09.
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