Sun expects to lose 24 to 34 cents per share in the fourth quarter

Source: Internet
Author: User
Keywords Earnings per share Oracle fiscal year
In July, 15, Sun Microsystems said in Tuesday that its financial results for the quarter of the fiscal year would be lower than Wall Street's expectations. Sun, the server and software maker that is about to be bought by Oracle for 7.4 billion dollars, predicts it could lose 24 to 34 cents a share in the quarter to June 30.  With a one-time fee, Sun may lose 6 to 16 cents per share.  Sun expects sales in the quarter of the fiscal year to fall from $3.78 billion trillion to 25.8 to 2.68 billion dollars over the same period last year. According to Thomson Reuters's survey of Wall Street analysts, analysts predict that the sales revenue in the quarter of the sun's financial year was 3.03 billion dollars, with a profit of 1 cents per share.  Wall Street analysts ' forecasts typically deduct special-spending items. Oracle said in a statement that it had evaluated Sun's preliminary earnings results and reiterated that after the Sun's first year of acquisition, profits at least amounted to 15 cents per share.  Oracle expects the profit to be over $1.5 billion trillion in the first year after the acquisition, with more than $2 billion in the second year. Author: Tianhong
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