Tellabs Earnings: Here’s Why the Stock is Rising Now
Tellabs Inc. (NASDAQ:TLAB) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.87%.
Tellabs Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.0 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Decreased 26.38% to $212.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tellabs Inc. reported adjusted EPS loss of $0 per share. By that measure, the company beat the mean analyst estimate of $-0.02. It beat the average revenue estimate of $210.34 million.
Key Stats (on next page)…
Revenue increased 1.29% from $209.4 million in the previous quarter. EPS increased to $0.0 in the quarter versus EPS of $-0.04 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.01 and has not changed. For the current year, the average estimate is a loss of $0.02, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)