Tellabs Inc. plans to lay off 60 employees by April 1 as part of a broader restructuring aimed at refocusing the Naperville-based company on data-based telecommunications equipment. Get the full story »
Inside these posts: Telecommunications equipment
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Anixter’s 4Q profit more than doubles
Shares of Glenview-based Anixter International Inc. jumped Tuesday after the company said its fourth-quarter profit more than doubled, easily topping Wall Street analysts’ expectations.
The stock rose $3.90, or 6.2 percent, to $67.17 in late trading. Get the full story »
Jan. 25 at 4:44 p.m.
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Filed under: Earnings, Manufacturing, Stock activity, Telecommunications Triple whammy sends Tellabs’ stock down 19%
Barron’s | Tellabs’ shares dropped 19 percent Tuesday on fourth quarter earnings that came up short, a forecast for continued weakness in the first quarter and a stock downgrade amid intense competition in the telecommunications sector.
