NAPERVILLE, Illinois, April 28 /PRNewswire/ --
- Company improving gross profit margins, generating cash and investing in the future
Tellabs' first-quarter 2009 revenue totaled US$362 million, compared with US$464 million in the first quarter of 2008.
Tellabs earned US$7 million or 2 cents per share on a GAAP (U.S. generally accepted accounting principles) basis, compared with US$17 million or 4 cents per share in the year-ago quarter.
On a non-GAAP basis, Tellabs earned US$22 million or 6 cents per share, compared with US$32 million or 8 cents per share in the year-ago quarter. Non-GAAP results exclude pretax charges of US$18 million, which includes US$5 million or 0.9 cents per share in equity-based compensation expense.