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Article: Lucent Trims Its Way to Third Consecutive Profitable Quarter.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 21, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Martha McKay, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
Apr. 21--Cost-cutting helped Lucent Technologies post its third straight profitable quarter Tuesday amid signs of health in the telecommunications industry.
The Murray Hill-based maker of telecommunications equipment said revenue was down in the second quarter, but the business climate is improving and it expects to see revenue rise slightly for the year.
"We're seeing a more positive rhythm to our business," CEO Patricia Russo said in an interview after a morning conference call with analysts.
Lucent reported $68 million in net income, or 2 cents ...