Sun Micro deprivation surges as margins shrink

Excluding restructuring charges and associated lessening of long-lived assets, Sun gone 21 cents per portion in its financial third quarter, ended March 29. That compared with the deprivation of 19 cents a portion expected close by analysts, according to Reuters Estimates.

Revenue at the company, which is being acquired close by Oracle Corp, cut 20 percent to $2.61 billion, compared with an intend foretell of $2.85 billion.

Gross edge shrank 2.2 portion points from a year earlier to 42.7 percent.

The companionship reported a network deprivation of $201 million, or 27 cents per share, versus a year-earlier deprivation of $34 million, or 4 cents.

Shares of the Santa Clara, California-based companionship were unchanged in extended commerce from their Nasdaq close of $9.16.

(Reporting close by Jim Finkle; Editing close by Steve Orlofsky)