Tellabs Reports Best Quarter in Company History
Wednesday October 20, 7:01 am Eastern Time
Company Press Release
SOURCE: Tellabs, Inc.
LISLE, Ill., Oct. 20 /PRNewswire/ -- Telecommunications equipment manufacturer Tellabs, Inc. (Nasdaq: TLAB - news), announced Wednesday record sales and earnings for the third quarter of 1999.
Sales for the third quarter, ended October 1, were $594,505,000, the highest for any quarter in the company's history and up 38.8 percent from sales of $428,387,000 in the third quarter of 1998. This marks the 33rd consecutive quarter in which Tellabs' sales surpassed prior-year levels. Sales for the first nine months of 1999 were $1,604,556,000, up 35.6 percent from sales of $1,182,877,000 a year earlier. |
