Sun: Q4 EPS Actually Missed; After Hours Rally Fades

The big after hours rally in Sun Microsystems (JAVA) shares, which took the stock up more than 10 percent, has now largely faded, with Street analysts nearly unanimous in their doubts about the near-term prospects for the company.

After the close yesterday, Sun announced that revenue for its fiscal fourth quarter ended June was $3.725 billion to $3.8 billion, with gross margin in the 44-45 percent range. Sun expects non-GAAP profits of 25-35 cents a share. The Street had been looking for $3.8 billion and 27 cents. While the pre-announcement was more or less in line with the consensus, the knee-jerk reaction from investors was to bid up the share in relief that the quarter wasn’t considerably worse. On second look, however, they seem less sure that the quarter was so impressive.

Read the rest of this post

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »