The Price is RIGHT: Results for the Second Quarter of Fiscal 2006

Tags: Lucent, LU
25 Apr 7:50pm
The company expects to lower revenues for fiscal 2006, with revenue in China and India falling by $500 million, mainly due to delays in issuing third-generation wireless licenses in China and selective participation in opportunities in India. Fiscal second-quarter net income was posted at $181 million, or 4 cents per share, compared with $267 million, or 6 cents a share, a year earlier. Analysts were expecting earnings of 3 cents per share including stock-based compensation expense. Revenue rose 4 percent to $2.14 billion. Analysts were expecting $2.23 billion. The price is about right now, I'm thinking that it'll be around this price range for while, being close to the $3.00 mark. We'll see how the market reacts after this sinks in.

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