Lucent Sees Quarterly Revenue Shortfall

March 11, 2002 by Jeff Shepard

Lucent Technologies Inc. (Murray Hill, NJ) reported that its quarterly revenues would be lower than previously expected and its return to profitability will be further delayed because communications carriers are still scaling back their capital spending.

Revenue for the fiscal second quarter ending this month will rise up to 10 percent from the first quarter, not the 10 to 15 percent Lucent had previously been targeting. The company's loss from continuing operations, excluding a range of items, should improve from the first quarter, according to the company.