Sun Microsystems Inc. The world’s third-largest maker of server computers reported net income of $89 million, its fourth consecutive profitable quarter, after trimming expenses and introducing new products.
First-quarter earnings were 3 cents a share, compared with a net loss of $56 million, or 2 cents a share, a year earlier, Santa Clara, Calif.-based Sun said Monday in a statement. Sales in the period ended Sept. 30 rose less than 1 percent to $3.22 billion, trailing the $3.26 billion average analyst estimate.
Chief executive Jonathan Schwartz, who took over from co-founder Scott McNealy in April 2006, has combined server and storage units, cut jobs and introduced new products.
Burger King Holdings Inc. The world’s second-largest hamburger chain said Monday its first-quarter earnings rose 23 percent, but shares fell 4 percent as three big shareholders disclosed plans to sell about a third of their holdings.
Burger King’s profit narrowly beat Wall Street expectations as movie-related marketing promotions and sales of chicken sandwiches and value breakfast items helped offset higher food costs.
The Miami-based fast- food company earned $49 million, or 35 cents per share, for the three months ended Sept. 30, compared with $40 million, or 30 cents per share, a year earlier. Revenue increased 10 percent to $602 million from $546 million in the prior-year period.
