Sun Microsystems sees 2Q earnings of 28c-32c a share, revenue of $3.6 billion

BOSTON, Jan 16, 2008 (Thomson Financial via COMTEX) -- JAVAD | news | PowerRating | PR Charts -- Sun Microsystems Inc. Wednesday said it expects second-quarter net income of 28 cents to 32 cents a share on revenue of about $3.6 billion.

The mean estimate of analysts polled by Thomson Financial is for second-quarter earnings of 29 cents a share on revenue of $3.58 billion.

The Santa Clara, Calf.-based provider of network computing infrastructure product and services said net bookings for the second quarter rose about 7% from year-earlier levels to about $3.85 billion.

Total gross margin as a percent of revenue is expected to be about 48% for the second quarter, an increase of about 3 percentage points, the company said.

Shares of Sun Microsystems closed Tuesday at $14.97. Casey Logan cl/pc

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM

Morning Coffee with TradingMarkets -- Free Newsletter

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index