Analyst's Report Boosts Tellabs Stock 3rd Quarter Looks Better for Lisle Firm

By Le Bien, Mark | Daily Herald (Arlington Heights, IL), September 14, 1996 | Go to article overview

Analyst's Report Boosts Tellabs Stock 3rd Quarter Looks Better for Lisle Firm


Le Bien, Mark, Daily Herald (Arlington Heights, IL)


Byline: Mark Le Bien Daily Herald Business Writer

Shares of Lisle-based Tellabs Inc. hit a one-year high Friday after an analyst predicted third-quarter profits will be better than expected.

Merrill Lynch and Co. analyst Joseph Bellace issued a report Friday morning stating "recent conversations with management and industry sources indicate business trends at Tellabs are exceptionally strong."

The company, which also has operations in Bolingbrook, sells a variety of equipment that phone companies use to manage traffic on their networks.

Bellace wrote that Tellabs' earnings for the period ending Sept. 30 should reach 42 cents to 43 cents a share, but he added "Tellabs is a candidate for a positive (earnings) surprise."

The company's revenue for the quarter should increase 42 percent to $215 million compared with the same period last year, he said.

The news lit a fire under Tellabs stock, which rose $5.87 1/2 to close unofficially at $73.37 1/2 per share. Volume was heavy with 2.6 million shares trading hands, about twice the usual daily trading volume.

The company will release third- quarter results in mid-October.

In a phone interview, Tellabs President and Chief Executive Officer Michael J. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Analyst's Report Boosts Tellabs Stock 3rd Quarter Looks Better for Lisle Firm
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.