Sun sees weaker than expected revenue, net loss

Sun sees weaker than expected revenue, net loss
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First Published: Tue, Jul 14 2009. 07 30 PM IST
Updated: Tue, Jul 14 2009. 07 30 PM IST
New York: Sun Microsystems Inc, the computer server maker that is being acquired by Oracle Corp., said on Tuesday it sees quarterly revenue falling short of Wall Street estimates, and a net loss.
Sun said it expects to report revenue in the range of $2.58 billion to $2.68 billion for the fourth quarter ended 30 June 30 -- shy of analysts’ view of $3.058 billion, according to Reuters Estimates. Sun posted revenue of $3.78 billion for the fourth quarter of fiscal 2008.
Sun said it sees a net loss per share for the fourth quarter in the range of 24 to 34 cents a share.
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First Published: Tue, Jul 14 2009. 07 30 PM IST