Money | Sun Microsystems Sun Misses Revenue Mark, Falls in Late Trading First full year with profits since dot-com bust By Jim O'Neill Posted Nov 5, 2007 9:37 PM CST Copied Scott McNealy, the Chairman and Co-Founder of Sun Microsystems, speaks at the World Business Forum on Thursday, Oct. 11, 2007 in New York. (AP Photo/Mark Lennihan) (Associated Press) Despite recording its fourth straight profitable quarter for the first time since the dot-com crash, Sun Microsystems fell in evening trading after missing 1Q sales projections by $50 million, reports the Associated Press. Analysts projected the company would bring in $3.27 billion in sales in the quarter; the final number was $3.22 billion. Sun shares were down 2.8% in evening trades. It was the late session's most active Nasdaq issue. Net income was $89 million, or 3 cents a share, for the quarter ending Sept. 30, compared to a $56 million loss, or 2 cents a share a year ago. Sun has reduced its workforce and cut costs to maintain profitability. Sun recorded $113 million in restructuring costs, which cut 3 cents per share from net income. Read These Next Beyonce leaves national anthem unfinished. Musk says his new party is in business. The death toll in the Texas floods has risen to 27, including 9 kids. A space capsule carrying ashes of 160 people crashed in the ocean. Report an error