Lucent sees lower revenues, income for the quarter

Lucent's income and revenue for the quarter ended in June would be lower than analysts' expectations as the telecom gear maker was hurt by weak sales in the US and China, an Associated Press report, quoting a company statement, said.

The statement said Lucent expected revenues of about $2.04 billion for the quarter that ended June 30, a nearly 13% decline from the same period in 2005, and almost 5% less than this year's second quarter revenue.

Lucent, which agreed to be acquired by French equipment maker Alcatel in a $13.45-billion stock swap, said in a statement that sales for its fiscal third quarter totaled $2.04 billion, short of the $2.34-billion average estimate of analysts surveyed by Thomson First Call, according to the report.

The company said it expected to post earnings of $0.02 a share, half the profit analysts were expecting.

While Lucent had not announced projections for the quarter, the company in April said it expected full-year revenue to decline because licensing problems were causing a slowdown in cellular service construction in China and India, the report said.

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