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Gigabit

Tellabs Joins the Party

Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA) beat expectations with its second-quarter earnings, but like many others lately, the company said the economy is dragging down its sales.

For its second quarter, Tellabs reported revenues of $288 million and a net loss of $5 million, or $0.01 per share. For the same quarter a year ago, Tellabs reported revenues of $316.7 million and a GAAP net loss of $14 million, or $0.04 per share.

Non-GAAP earnings of $0.02 per share beat analysts' expectations for a break-even quarter.

Tellabs's third-quarter forecast appears disappointing, however. The company cited the economy -- particularly the European economy -- in saying third-quarter revenues would be $260 million to $290 million. Analysts were expecting $291 million.

The news didn't faze investors at first; Tellabs's stock was up $0.04 (1 percent) at $3.04 in early after-hours trading.

— Craig Matsumoto, Managing Editor, Light Reading

Pete Baldwin 12/5/2012 | 5:26:03 PM
re: Tellabs Joins the Party

At first glance, and considering everything else that's been going on... this doesn't seem so bad.  Earnings call is Friday morning, so there aren't any other details out yet.

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