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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: JRH who wrote (8700)	7/20/1999 11:54:00 AM
From: Techplayer	Respond to of 21876

JRH, A few cents under DEC estimates but in excess of all others. New guidance by LU sees estimates in the 1.53-1.55 per share range for next year. Factoring in that LU typically beats estimates, LU will be growing earnings by over 30%. Brian Lucent says Q1 EPS may miss estimates - analyst NEW YORK, July 20 (Reuters) - Lucent Technologies Inc. said on Tuesday it expects fiscal 2000 earnings to beat Wall Street estimates but that profits in the first quarter ending in December may fall short of expectations, according to an analyst who said he spoke with the company. ''Management is giving guidance that fiscal 2000 earnings should be 5 to 7 cents ahead of the current consensus, but that (due to) the seasonality of those earnings...December is likely to be below the current consensus, with the rest of the quarters considerably higher,'' said Paul Sagawa, a telecommunications equipment analyst with Sanford Bernstein. Sagawa said Lucent provided the earnings guidance in phone calls to certain analysts, including himself, Tuesday morning ahead of a scheduled company conference call with analysts. Wall Street's consensus earnings estimate for the first quarter is $0.57 a share, and for the full year $1.48, according to the research firm First Call. Lucent declined to comment on its specific fiscal 2000 expectations but said its outlook for the year is strong. ''We expect to continue to grow faster than the market -- about 3 to 5 percentage points above the overall market growth rate,'' Lucent spokesman Jeff Baum told Reuters. Lucent also declined to comment on whether it had spoken with analysts ahead of the scheduled conference call.