Tellabs Earnings: Investors Like the PROGRESS

S&P 500 (NYSE:SPY) component Tellabs Inc. (NASDAQ:TLAB) reported its results for the second quarter. Tellabs designs and markets equipment to telecommunications service providers worldwide.

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Tellabs Inc. Earnings Cheat Sheet

Results: Loss narrowed to $4.7 million (loss of one cent per diluted share) from $29.3 million (loss of 8 cents per share) in the same quarter a year earlier.

Revenue: Fell 9% to $288.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tellabs Inc. fell in line with the mean analyst estimate of a loss of one cent per share. Analysts were expecting revenue of $288.6 million.

Quoting Management: “In the second quarter, Tellabs grew revenue sequentially by 12%, generated $32 million in cash from operations, and improved margins and profitability,” said Dan Kelly, Tellabs acting CEO and president.

Key Stats:

The company fell in line with estimates last quarter after missing forecasts in the previous quarter with a loss of -5 cents versus a mean estimate of a loss of 3 cents per share.

Looking Forward: The average estimate for the third quarter remains unchanged at one cent a share. Down from a loss of one cent per share ninety days ago, the average estimate for the fiscal year is now a loss of 2 cents.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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