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Tellabs Sags; Guidance Misses; Omits Div; Cutting 300 Jobs

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Linked by The Tech Trade ( track newsfeed | ignore newsfeed ) - February 01, 10:48AM from (www.forbes.com)

Tellabs shares are trading lower Friday after the telecom equipment company posted weaker-than-expected results for the fourth quarter and disappointed guidance for the first quarter. For Q4, the company reported revenue of $242.2 million, below the Street at $254.2 million. Adjusted profits were a penny a share; that was better than the Street consensus forecast ...

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