Sun Warns - 500 Beiträge pro Seite
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Reuters
Sun Warns of $1 Bln Charge, Stock Drops
Monday September 29, 4:43 pm ET
SAN FRANCISCO (Reuters) - Sun Microsystems Inc.(NasdaqNM:SUNW - News) said on Monday it will post a net loss of $1.04 billion, or 32 cents a share, in its fiscal fourth quarter, after taking a $1.05 billion noncash charge to boost a valuation allowance for net deferred tax assets.
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Shares of Sun declined to $3.46 on Nasdaq after rising 2 cents to $3.86. Trading in Sun stock was halted just after the close of regular U.S. trading.
Also, Sun said it expects a fiscal first-quarter net loss of 7 cents a share to 10 cents a share, including a tax provision of about $34 million, or 1 cent a share.
Analysts currently expect Sun to post a loss, on average, of 2 cents a share, within a range of a loss of 3 cents to break-even, on revenue of $2.72 billion.
Sun said that the charge is a result of bringing the company into accordance with Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes."
Sun Warns of $1 Bln Charge, Stock Drops
Monday September 29, 4:43 pm ET
SAN FRANCISCO (Reuters) - Sun Microsystems Inc.(NasdaqNM:SUNW - News) said on Monday it will post a net loss of $1.04 billion, or 32 cents a share, in its fiscal fourth quarter, after taking a $1.05 billion noncash charge to boost a valuation allowance for net deferred tax assets.
ADVERTISEMENT
click here
Shares of Sun declined to $3.46 on Nasdaq after rising 2 cents to $3.86. Trading in Sun stock was halted just after the close of regular U.S. trading.
Also, Sun said it expects a fiscal first-quarter net loss of 7 cents a share to 10 cents a share, including a tax provision of about $34 million, or 1 cent a share.
Analysts currently expect Sun to post a loss, on average, of 2 cents a share, within a range of a loss of 3 cents to break-even, on revenue of $2.72 billion.
Sun said that the charge is a result of bringing the company into accordance with Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes."
das ganze in dt. in Thread: +++ Sun Microsystems: Desaster! +++
Du warst schneller!
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