Investing
Sun (JAVA) Trades Up Sharply Ahead Of Earnings
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Shares in Sun Micro (JAVA) are up as much as 2.5% ahead of earnings. The stock has been down over the last month while most big tech shares have risen.
Expectations for Sun earnings are very modest. But, with the stock well below its 52-week bottom, traders are clearly concerned that the company could miss.
Wall St. is looking for a 2.5% increase in revenue to $3.27 billion. Forecasts are that EPS will be $.03, up from a ($01) loss last year.
It’s not asking for much.
Douglas A. McIntyre
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