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Lucent warns on fourth quarter, cites lower sales. - Sep. 13, 2002

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Lucent warns on fourth quarter, cites lower sales. - Sep. 13, 2002
Topic: Telecom Industry 12:14 pm EDT, Sep 13, 2002

"The company said it expects an operating loss per share of 45 cents, sharply lower than the 16-cents-a-share loss forecast by analysts, according to earnings tracker First Call. The troubled telecommunications equipment maker also said it sees 20-to-25 percent lower revenue in the fourth quarter from the $2.95 billion it recorded in the third quarter.

Lucent blamed the lower forecast on the declining revenue and charges associated with a significant customer that defaulted on financing terms earlier this month. "

Worldcom?

Lucent warns on fourth quarter, cites lower sales. - Sep. 13, 2002



 
 
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