October 29, 2005
Lucent Technologies Inc.
Lucent Technologies Inc. has reported lower profit for this quarter but the demand for high-speed Internet and optical network equipment has increased. Lucent has had two profitable years in a row. The net income for the company in the fourth quarter has fallen to 8 cents per share. It was 23 cents per share for this period last year. eweek.com reports:
Lucent Chief Financial Officer Frank D'Amelio said in a statement that the company expects fiscal year 2006 revenue to rise on a mid-single-digit percentage basis, roughly in line with Wall Street's average expectation for a 6 percent increase, as tracked by Reuters Estimates.
Read More: Lucent Profit Drops but Sales Inch Up
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