|Rising Again? |
Up and down at Sun
Sun expects to lose $750 million to $810 million, or 23 cents to 25 cents a share, in the quarter ended March 28, including a $200 million restructuring charge and a $350 million charge to increase the valuation allowance for deferred tax assets. Excluding the charges, Sun expects to lose between $200 million and $260 million, or 6 cents to 8 cents a share, on revenue of about $2.65 billion. Analysts surveyed by Thomson First Call were forecasting a loss of 3 cents a share before charges on revenue of $2.85 billion in the quarter. In a call with analysts before the market opened, McNealy said the company wouldn't release many details of its restructuring until it announces final results for the quarter on April 15.