Tellabs Inc. (NASDAQ: TLAB) may be still down on its luck, but we are looking through telecom equipment company’s earnings report to try to find some extra direction. The company reported first quarter revenues fell to $258 million from $322 million a year ago. This is said to be consistent with industry trends but the net loss was $15 million or -$0.04 EPS versus -$15 million or -$0.03 EPS a year ago. Thomson Reuters had estimates of -$0.03 EPS pn sales of $276.9 million.
As far as what lies ahead, Tellabs sees revenue growth and profitability on a non-GAAP basis for the second quarter based on solid bookings. The company sees second-quarter revenue in a range from $280 million to $305 million, while estimates are only for a breakeven quarter and $291 million in revenue from Thomson Reuters.
Gross profit as a percentage of revenue 37.1% this last quarter versus 37.9% a year ago broken down as follows: Gross profit as a percentage of revenue – products 38.6% this last quarter versus 41.4% a year ago; Gross profit as a percentage of revenue – services 30.5% this last quarter versus 18.8% a year ago.
Tellabs shares closed at $4.03 on Wednesday and the 52-week trading range is $3.67 to $4.99. It is difficult to tell how investors will treat this one today.
JON C. OGG
Today’s Top Rated Credit Cards Are Hard to Believe (sponsor)
It’s hard to believe, but today there are credit cards offering up to 6% cash back (you read that right) on some items, $200 statement credits, $0 annual fees, travel rewards, and more. See for yourself, we’ve assembled a list of the top credit cards today right here.
Frankly, with rewards this good we don’t expect them to be available forever. But if you sign up today you can secure some of the best rewards we’ve ever seen. Click here to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
