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Earnings roundup: Sun Microsystems, Bankrate



By AP
01 May 2008 @ 06:36 pm EST

Among the earnings stories for Thursday, May 1, from AP Financial News:

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JAVA 6.11 -0.49
RATE 33.02 -1.78
WYNN 60.33 -7.44
BEBE 8.47 0.15
BARE 9.5 -0.15
LAVA 3.12 -0.22

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SAN JOSE, Calif. (AP) Sun Microsystems Inc. swung to a loss in the fiscal third quarter, surprising investors who were expecting a healthy profit from the server and software maker despite a weakening U.S. economy.

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NEW YORK (AP) Bankrate Inc.'s profit leaped 26 percent in the first quarter as more consumers visited the company's financial information Web sites, the company said.

LAS VEGAS (AP) Casino operator Wynn Resorts Ltd. reported Thursday that first-quarter profit fell 20 percent on an increase in operating costs, but said revenue rose thanks primarily to business at its resort in Macau.

BRISBANE, Calif. (AP) Apparel retailer Bebe Stores Inc. said Thursday its third-quarter profit dropped 35 percent due partly to lower sales at stores open at least a year.

SAN FRANCISCO (AP) Mineral-based cosmetics maker Bare Escentuals Inc. said Thursday its first-quarter profit rose 27 percent on strong sales growth and reaffirmed its outlook for the full year.

SAN JOSE, Calif. (AP) Microchip design software company Magma Design Automation Inc. said Thursday its fiscal fourth-quarter loss narrowed 70.6 percent as expenses fell, beating analyst estimates.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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