Tellabs Inc. (NASDAQ:TLAB) declared disappointing first-quarter 2012 financial results, missing the Zacks Consensus Estimates yet again. Quarterly total revenue of $257.9 million was down 20% year over year, and well below the Zacks Consensus Estimate of $277 million. All the three reporting segments of Tellabs witnessed sales reductions.
On a GAAP basis, net loss in the first quarter of 2012 was $139.8 million or a loss of 38 cent per share compared with a net loss of $24.1 million or 7 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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