More on Tellabs (TLAB): Q3 beats on its EPS but comes up shy on the revenue side. Total sales...
More on Tellabs (TLAB): Q3 beats on its EPS but comes up shy on the revenue side. Total sales were down 20% Y/Y, but losses narrowed as operating expenses fell 61%. The company unveiled another round of job cuts, which will affect around 200 employees (out of a total of 3,246 employees). As a result of severance costs, it will incur a Q4 restructuring charge of around $11M. It also issued downbeat Q4 guidance, now seeing revenue between $240M and $260M, below the $290M estimate projected by analysts. Shares -4.6% AH.
Check out Seeking Alpha’s new Earnings Center »
From other sites
at Fox Business (Oct 21, 2013)
at CNBC.com (Oct 21, 2013)
at MarketWatch.com (Dec 26, 2012)
at MarketWatch.com (Dec 12, 2012)
at MarketWatch.com (Dec 1, 2012)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs