Lucent sees Q1 revenues falling short
By Tomi Kilgore, CBS.MarketWatch.com
Last Update: 8:13 AM ET Dec. 13, 2001
NEW YORK (CBS.MW) -- Lucent Technologies said Thursday that it expects revenue to come in between $3.1 billion and $3.4 billion in its fiscal first quarter.
The forecast falls well short of analysts' consensus estimate of $4.47 billion compiled by Thomson Financial/First Call.
The fiber-optic and networking giant company had previously said first quarter revenue would be below the sequential fourth quarter's $4.8 billion, but had not given specific estimates.
The company believes its first quarter revenue would represent the "low point" for Lucent in the current market downturn.
The company also reiterated expectations that losses for the current quarter would be narrower sequentially, and reaffirmed its goal of returning to profitability and positive cash flow during fiscal 2002.
Lucent's (LU: news, chart, profile) stock closed Wednesday down 8 cents at $7.73.
Tomi Kilgore is a reporter for CBS.MarketWatch.com.
lucent warnt ja immer wieder mal, aber heute kann das gift sein.....
By Tomi Kilgore, CBS.MarketWatch.com
Last Update: 8:13 AM ET Dec. 13, 2001
NEW YORK (CBS.MW) -- Lucent Technologies said Thursday that it expects revenue to come in between $3.1 billion and $3.4 billion in its fiscal first quarter.
The forecast falls well short of analysts' consensus estimate of $4.47 billion compiled by Thomson Financial/First Call.
The fiber-optic and networking giant company had previously said first quarter revenue would be below the sequential fourth quarter's $4.8 billion, but had not given specific estimates.
The company believes its first quarter revenue would represent the "low point" for Lucent in the current market downturn.
The company also reiterated expectations that losses for the current quarter would be narrower sequentially, and reaffirmed its goal of returning to profitability and positive cash flow during fiscal 2002.
Lucent's (LU: news, chart, profile) stock closed Wednesday down 8 cents at $7.73.
Tomi Kilgore is a reporter for CBS.MarketWatch.com.
lucent warnt ja immer wieder mal, aber heute kann das gift sein.....