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Article: Lucent Technologies Reports Results for Fourth Quarter and Year End of Fiscal 2003; * Records profitable quarter, with net income of 2 cents per share * Generates positive operating cash flow of $145 million * Posts revenues of $2.03 billion for the quarter, an increase of 3 percent sequentially.
- Article from:
- PR Newswire
- Article date:
- October 22, 2003
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Lucent Technologies today reported results for the fourth quarter and year end of fiscal 2003, which ended Sept. 30, 2003, in accordance with U.S. generally accepted accounting principles (GAAP). The company reported its first profitable quarter since March 2000, posting net income for the quarter that was $99 million or 2 cents per share(1). These results compare with a net loss of $254 million or 7 cents per share(2) in the third quarter of fiscal 2003 and a net loss of $2.81 billion or 84 cents per share(2) in the year-ago quarter.
The company recorded revenues of $2.03 billion in the quarter, which is an increase of 3 percent from the $1.96 billion in ...