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Telecom & Wireless

Tellabs Shows Mixed Earnings Report (TLAB)

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By Jon C. Ogg Updated Published
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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

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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