THREAD---Dow Jones Newswires -- July 22, 1998
Lucent Technologies 3Q Oper Net 32c A Share Vs Net 17c
Lucent Technologies Inc. - Murray Hill, N.J. 3rd Quar June 30: 1998 1997Revenues $7,228,000,000 $6,340,000,000Net income a (233,000,000) 213,000,000Shr earns (basic) Net income a (.18) .17Shr earns (diluted) Net income a (.17) .17
Figures in parentheses are losses.
a. Includes charges of $668 for purchased in-process research and development from the acquisitions of Optimay and Yurie Systems. Excluding charges, the company had earnings of $435 million, or 32 cents a diluted share and 33 cents a basic share.
Lucent Technologies Inc. said results for the latest quarter include a $32 million reversal of business restructuring charges, which were recorded in December 1995.
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