Sun Posts Small Second-Quarter Profit
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Sun Microsystems Inc. posted a small profit for its fiscal second quarter Thursday, but year-over-year sales continued to slide as the server and software maker struggled to gain back business it lost after tech collapse in 2001.
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DuPont Co. , the No. 2 U.S.  chemical company, on Tuesday reported lower-than-expected  second-quarter profit due to lower U.S. volumes coupled with  higher energy and raw material costs.
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Net income for the second quarter climbed on solid sales of smaller, fuel-efficient vehicles and cost-cutting efforts.
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Sun Microsystems Inc ,  the world's fourth-largest server-computer maker, said on  Thursday that quarterly profit doubled amid strong growth in  emerging markets.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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Network computer maker Sun  Microsystems Inc. SUNW.O 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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The chemical giant reported second-quarter earnings similar to year-ago results as higher sales were offset by the cost of energy and accelerated biotech research.
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Investor's Business Daily - Sun Microsystems has pulled off a bit of an upset, gaining market share amid a sluggish year for top-tier computer server vendors.
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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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HINGHAM, Mass.   Clothing retailer Talbots Inc. reported a slight rise in second-quarter profit on Wednesday, lifted by an income-tax benefit and higher mail-order sales during the period.
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Sun Microsystems Inc. on Thursday posted a narrowed first-quarter loss on a second consecutive quarter of sales growth. Sun released its results after the closing bell and shares rose 7 cents, or 1.8 percent, to $4.
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Sun doubled its profit in the quarter ended Dec. 30, although revenue was nearly flat compared with the same period a year earlier, the company announced Thursday.Net income for the quarter, the second of Sun&#39;s fiscal year, was $260 million, or $0.31 per share, up from $133 million and $0.15 per share in the same quarter of fiscal 2006, the company announced Thursday.Revenue was $3.62 billion, up just 1.4 percent from the same quarter a year earlier. The growth came from Sun&#39;s services business, where revenue climbed 5 percent. Sales of servers and storage products, which account for about two-thirds of Sun&#39;s business, declined by 0.5 percent.Business was particularly slow in the U.S., where revenue declined 8 percent year over year. The EMEA (Europe, Middle East, and Africa) region performed better with growth of 7 percent. EMEA accounted for 39 percent of revenue in the quarter, overtaking the U.S., which is usually Sun&#39;s biggest source of revenue.Despite the quarter&#39;s slow growth, Sun said its full-year growth would be better. On a conference call, Chief Financial Officer Mike Lehman said revenue for fiscal 2008 would increase in the &quot;low-to-mid single digits&quot; and predicted revenue growth in the second half of greater than 5 percent.Sun&#39;s profit benefited from its ongoing cost-cutting plan, which has included several hundred layoffs so far. Its $260 million profit included a restructuring charge of $32 million.Sun announced a surprise plan last week to buy MySQL, the biggest open-source database vendor, for $1 billion. Sun officials said Thursday they are unsure whether the MySQL acquisition will close in the second or third quarter, and have not yet calculated the long-term impact on Sun&#39;s financials. They expect to take a one-time charge of $30 million to $50 million when the deal closes.
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Just two weeks afterÂ revealing that some employees had falsified corporate revenue to meet earnings targets, Dell reported a profit of $733 million for its fiscal 2008 second quarter, up 46 percent from its mark of $502 million for the same period last 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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The South Korean consumer electronics and appliances company swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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Continued improvement in its operational performance boosts second-quarter earnings.
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The growing bank reports its second-quarter 2007 earnings.