Earnings alert: SunPower profit drops, but outlook brightens
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Plus: AT&T earnings up on wireless growth...Nokia earnings soar, market share solid...Qualcomm results show strong demand...eBay warns of weaker 2008 results...Motorola profit shrinks, phone forecast dims.
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Profit at PG&amp;E Corp. fell 55.3 percent in the most recent quarter, a drop the company blamed Tuesday on a lingering effect of California&#39;s energy crisis.
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Stocks dropped yesterday as Colgate-Palmolive and Unilever cut profit forecasts, fueling concern that earnings growth is slowing at a time when borrowing costs are headed higher.
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SAN FRANCISCO (CBS.MW) -- Shares of Sun Microsystems broke even Friday after investors and some Wall Street analysts were pleased by the company&#39;s narrower first-quarter loss.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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Investors worried about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue-chips dropped on profit warnings from Dow component Alcoa Inc.
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Japan&#39;s Sanyo Electric Co. Ltd. reported  a swing to an annual operating profit after cost cuts more than  offset sluggish digital camera sales, but it forecast an  unexpected earnings decline for this year.
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Computer maker Sun Microsystems Inc. reduced its net income by &#36;12 million for its fiscal fourth quarter, citing new information related to property leases and the finalization of the accounting for its settlement with Microsoft Corp.
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Network computer maker Sun Microsystems Inc. revised its most recently reported quarterly results slightly lower due to the finalized legal settlement with Microsoft Corp.
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Plus: Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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Network computer maker Sun Microsystems Inc. on Thursday posted a narrower quarterly loss as revenue rose year over year for the second consecutive quarter after three years of declines, sending shares slightly higher.
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Services carry the load Despite falling product revenue, Sun Microsystems posted decent enough second quarter results.â¦
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The investment firm posts a strong profit report, but shares slid.
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Sun Microsystems Inc., which turned a rare profit last quarter, is on track to reach its previously stated goal of a 4 percent operating profit margin by the end of the fiscal year, the company's chief financial officer said Tuesday.
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Plus: Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, on Monday said it expects to restate first- and  second-quarter profit higher, changing how it accounts for loan  losses. It also said it put some finance executives on paid  administrative leave.
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Sun's services business did well, but sales of servers and storage wares went down.