Tellabs Inc. (TLAB) reported fourth quarter EPS of $0.09 Tuesday morning, which beat the consensus estimate of $0.07. The company also announced that it plans to reduce its workforce by about 200 people over the next five quarters.Tellabs Inc. gapped open higher Tuesday and rose steadily until mid-morning. The stock closed up by $0.69 at $6.59 on the highest volume in 4 months. Tellabs climbed to a 3-month high.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.