| Author | Message | ||
     Jfh Moderator Username: Jfh Post Number: 91 Registered: 10-2003 |
Fri 6:36am TLAB Coverage initiated on Tellabs by Deutsche Securities - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 50 Registered: 10-2003 |
Tellabs (NasdaqNM:TLAB - News) shares rose 5.2% after the company reported second-quarter earnings of $41 million, or 9 cents a share, down from a year-ago profit of $49.6 million, or 12 cents a share. Revenue jumped 52% in the latest three months to $462.5 million from $304.3 million in the same period last year. Excluding items, the Naperville, Ill., maker of communications equipment earned $58 million, or 13 cents a share, in the June period. The average estimate of analysts polled by Thomson First Call was for a profit of 7 cents a share in the second quarter. The company cited strong customer demand across all of its product lines for the revenue growth. | ||
| Jfh Moderator Username: Jfh Post Number: 47 Registered: 10-2003 |
EW YORK, July 26 (Reuters) - Network equipment maker Tellabs Inc. (TLAB.O: Quote, Profile, Research) on Tuesday posted a second-quarter profit that beat expectations because of stronger-than-expected gross margins, and the shares jumped about 5 percent. Profit fell to $41.1 million, or 9 cents a share, beating analysts' average expectation, as compiled by Reuters Research, by 4 cents. That compared with net income of $49.6 million, or 12 cents a share, a year earlier. "The gross margin was better than we expected," said Robert W. Baird analyst Kenneth Muth. He said the strength came from the access business, which sells products to phone companies such as Verizon and BellSouth, which are spending billions to build fiber optic networks to deliver television and high speed data services. "It's likely the upside came from the fiber side of the business," he said. Revenue rose 52 percent to $463 million, hitting the high end of the range of analysts estimates. Excluding restructuring and other charges, amortization of purchased intangibles, deferred stock compensation, and long-term investment impairment charges, Tellabs reported earnings per share of 13 cents. Shares rose 44 cents to $9.33 in premarket trade on Inet. | ||
| Jfh Moderator Username: Jfh Post Number: 41 Registered: 10-2003 |
Wed 6:47am TLAB Coverage initiated on Tellabs by First Albany - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 280 Registered: 10-2003 |
Tue 10:50am TLAB Tellabs upgraded by UBS - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 272 Registered: 10-2003 |
Mon 8:12am TLAB Coverage initiated on Tellabs by Merriman Curhan Ford - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 250 Registered: 10-2003 |
Wed 7:20am TLAB Tellabs upgraded by Morgan Stanley - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 142 Registered: 10-2003 |
Thu 7:58am TLAB Tellabs upgraded by Goldman Sachs - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 134 Registered: 10-2003 |
TLAB doing ok: NEW YORK, April 20 (Reuters) - Communications network gear maker Tellabs Inc. (TLAB.O: Quote, Profile, Research) on Wednesday said quarterly earnings fell, but its operating profit beat estimates, driving its shares up 4 percent. The company posted earnings of $700,000, or nil per share, for the first quarter ended April 1, compared with $13.4 million, or 3 cents a share, in the year-earlier period. Excluding restructuring and other charges, Tellabs earned 6 cents per share. Analysts had expected average earnings of 2 cents a share before special items, on revenue of $407.6 million, according to Reuters Estimates. Revenue was $436 million, which included sales from Internet equipment maker Advanced Fibre Communications, which Tellabs acquired last year. In the 2004 quarter revenue was $264 million. Shares of Tellabs rose to $7.34 in premarket trade on Inet, up from Tuesday's close of $7.06 on Nasdaq. | ||
| Jfh Moderator Username: Jfh Post Number: 1615 Registered: 10-2003 |
Mon 6:29am TLAB Tellabs upgraded by Robert W. Baird - Briefing.com | ||
| Jfh Moderator Username: Jfh Post Number: 1553 Registered: 10-2003 |
Thu 2:16pm TLAB Coverage initiated on Tellabs by Janney Mntgmy Scott - Briefing.com |
