Tuesday, Tellabs Inc. (TLAB) reported fourth-quarter net income of $62.1 million or $0.16 per share, compared to $12.8 million or $0.03 per share in the same quarter last year.
On a non-GAAP basis, net income was $36.1 million, compared to net income of $35.1 million in the year ago quarter. On a per share basis, non-GAAP earnings were $0.09 per share, flat with the year ago quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $389.3 million, down from $408.3 million in the comparable quarter last year. Analysts expected the company to report revenue of $391.08 million for the quarter.
Looking ahead to the first quarter, the company expects revenue to be $370 million, plus or minus 2%.
Analysts currently anticipate the company to report revenue of $364.85 million.
For comments and feedback: editorial@rttnews.com