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Article: Lucent Technologies Reports Results for Second Quarter of Fiscal 2003; * Revenues of $2.4 billion for the quarter show a sequential increase of 16 percent * Loss per share of 14 cents includes a net unfavorable impact of 6 cents per share for global settlement of shareowner litigation and other items * Posts 10-point improvement in gross margin rate.
- Article from:
- PR Newswire
- Article date:
- April 23, 2003
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Lucent Technologies today reported results for the second quarter of fiscal 2003, which ended March 31, 2003, in accordance with U.S. generally accepted accounting principles (GAAP). The company recorded revenues of $2.4 billion in the quarter, which represented a 16 percent sequential increase from the $2.08 billion in revenues achieved in the first quarter of fiscal 2003. The company recorded $3.52 billion in revenues in the year-ago quarter.
The company's net loss for the quarter was $351 million or 14 cents per share(1). These results compare with a loss of $264 million or 11 cents per share in the first quarter of fiscal 2003 and a loss of $495 million ...