Tellabs posts profit in Q3

Wed. October 28, 2009; Posted: 09:15 AM

Oct 28, 2009 (Datamonitor via COMTEX) -- TLAB | Quote | Chart | News | PowerRating -- Tellabs, engaged in designing and marketing of telecommunication equipment to communications service providers, has reported a net income of $29.3 million, or $0.07 per diluted share, for the third quarter of 2009, compared to a net loss of $998.5 million, or $2.51 per diluted share, for the same period of 2008.

The company has reported revenue of $389.3 million for the third quarter of 2009, compared to $424 million for the same quarter of 2008.

Tellabs has reported a net income of $51.5 million, or $0.13 per diluted share, for the first nine months of 2009, compared to a net loss of $942.9 million, or $2.35 per diluted share, for the corresponding period of 2008.

Year-to-date revenue was $1.14 billion, compared to $1.32 billion for the first nine months of 2008.

Rob Pullen, president and CEO of Tellabs, said: "As we innovate to help our customers and company succeed, Tellabs continues to increase gross profit margins and generate cash. Tellabs's recently announced acquisition of WiChorus will bring customers breakthrough technology for the mobile internet, logically extend our mobile business into an adjacent high-growth market and help ensure Tellabs's future growth."

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For full details on Tellabs Inc (TLAB) click here. Tellabs Inc (TLAB) has Short Term PowerRatings of 6. Details on Tellabs Inc (TLAB) Short Term PowerRatings is available at This Link.

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