Lucent Shows First Net Profit Since 2000
Wednesday October 22, 7:18 am ET
CHICAGO (Reuters) - Telecommunications equipment maker Lucent Technologies Inc. (NYSE:LU - News) on Wednesday posted its first net profit in more than three years amid weak spending by telephone companies.
ADVERTISEMENT
The Murray Hill, New Jersey-based company reported a net profit, including preferred dividend payments, in its fiscal fourth quarter, of $77 million, or 2 cents a share, compared with a loss in the year-ago quarter of $2.88 billion, or 84 cents a share.
Its last net profit was recorded in the March 2000 quarter.
Excluding one-time items, Lucent reported an operating profit of about $9 million, or break-even per share.
Sales in the quarter ended Sept. 30 slipped to $2.03 billion from $2.28 billion last year, but rose from the previous quarter's $1.96 billion.
Analysts were expecting Lucent to post a fourth-quarter loss before one-time items of 4 cents a share on sales of $2.15 billion, according to Reuters Research, a unit of Reuters Group Plc.
Lucent also said it expects sales in its fiscal first quarter to be flat to slightly up from last year.
Da dürfte heute Mittag was gehen, oder?
Grüße
Pavian
Wednesday October 22, 7:18 am ET
CHICAGO (Reuters) - Telecommunications equipment maker Lucent Technologies Inc. (NYSE:LU - News) on Wednesday posted its first net profit in more than three years amid weak spending by telephone companies.
ADVERTISEMENT
The Murray Hill, New Jersey-based company reported a net profit, including preferred dividend payments, in its fiscal fourth quarter, of $77 million, or 2 cents a share, compared with a loss in the year-ago quarter of $2.88 billion, or 84 cents a share.
Its last net profit was recorded in the March 2000 quarter.
Excluding one-time items, Lucent reported an operating profit of about $9 million, or break-even per share.
Sales in the quarter ended Sept. 30 slipped to $2.03 billion from $2.28 billion last year, but rose from the previous quarter's $1.96 billion.
Analysts were expecting Lucent to post a fourth-quarter loss before one-time items of 4 cents a share on sales of $2.15 billion, according to Reuters Research, a unit of Reuters Group Plc.
Lucent also said it expects sales in its fiscal first quarter to be flat to slightly up from last year.
Da dürfte heute Mittag was gehen, oder?
Grüße
Pavian
