Tellabs (NAS: TLAB) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 28 (Q3), Tellabs missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share contracted.
Gross margins contracted, operating margins expanded, net margins grew.
Tellabs booked revenue of $264.4 million. The 10 analysts polled by S&P Capital IQ anticipated a top line of $276.5 million on the same basis. GAAP reported sales were 20% lower than the prior-year quarter's $329.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.02. The nine earnings estimates compiled by S&P Capital IQ forecast $0.01 per share. GAAP EPS were -$0.01 for Q3 compared to -$0.36 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.2%, 210 basis points worse than the prior-year quarter. Operating margin was -0.8%, 210 basis points better than the prior-year quarter. Net margin was -1.5%, 3,790 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $289.4 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is -$0.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 389 members out of 437 rating the stock outperform, and 48 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Tellabs a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tellabs is hold, with an average price target of $4.03.
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The article Tellabs Beats Analyst Estimates on EPS originally appeared on Fool.com.
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