Tellabs: Q2 Revs Miss; EPS Beats; Outlook Light; Stk Up

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Tellabs: Q2 Revs Miss; EPS Beats; Outlook Light; Stk Up - 07-22-2008, 08:32 PM

In some cases, the glass would appear to be half full.Tellabs (TLAB) shares today are nicely higher despite a decidedly mixed earnings report this morning. Q2 revenue of $432 million was shy of the Street consensus of $434.5 million; non-GAAP earnings, after backing out a one-time tax benefit, was 4 cents a share, which beat [...]

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