Lucent Records Profit as Sales Rise in Quarter
From Bloomberg News
Telephone equipment maker Lucent Technologies Inc. had fiscal first-quarter net income of $338 million as sales rose for the first time in more than three years on demand for wireless-network gear.
Profit was 7 cents a share, contrasted with a year-earlier loss of $264 million, or 11 cents. Sales rose 8.9% to $2.26 billion.
Lucent fell 33 cents, or 7%, to $4.42 on the NYSE.
From Bloomberg News
