Sun: Here comes the profit

Back in the black...

Sun has reassured investors it will return to profitability this quarter. In a conference call with financial analysts, chief financial officer Mike Lehman said the company is standing by its previous assertion that it will move back into the black during Q4 2002. Analysts expect the company to report a profit of one cent per share for the quarter, which ends June 30, with sales of $3.33bn. In April, Sun said it was expecting to hit profitability on the back of a small gain in revenues over the three months.