Lucent Technologies on Tuesday refuted recent market speculation that it would miss its second quarter earnings.
The telecom equipment manufacturer said its expected to hit or even exceed analysts' expectations of $0.15 per share and was on track to post revenues of more than $8 billion, an increase of 30 per cent on the year ago quarter.
Lucent also said it expected sales growth of between 19 and 20 per cent for the year and earnings per share growth of about 35 per cent, excluding any one off charges.
Richard McGinn, Lucent's chairman and chief executive, said: "Lucent saw strong growth this quarter both inside and outside the US. We remain very confident about our short term and long term prospects."
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