System News for Sun Users - The Blog

Net Loss, Lower Revenue Expected, Company Reports

Sun projects it will have a net loss of 24 to 34 cents per share for its fourth quarter of fiscal 2009, which ended June 30, 2009. This translates to between 6 and 16 cents a share excluding special nonrecurring items. The company reported these preliminary results two days before a special stockholder meeting (July 16) where members were set to vote on whether to approve Sun’s acquisition by Oracle.

(Get More Information . .)

Tags: earnings, Fourth Quarter Fiscal Year 2009, investors, Oracle, stockholders

This entry was posted on Wednesday, July 15th, 2009 at 10:22 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.