Nortel expects to reach earnings goals

Article Abstract:

Telecommunications-equipment maker Nortel Networks Corp. says 4th quarter revenue will be in the $8.5 bil to $8.8 bil range. Earnings per share will be 26 cents. 1st quarter 2001 should hit targets of $8.1 bil to $8.3 bil with earnings of 16 cents per share. The company forsees 30% to 35% growth in 2001. Wireless and intra-city network spending will continue; optical sales may see an increase of 50%. Nortel expects to increase financing of customer purchases, up from $1.1 bil this year to $2 bil in 2001.

Author: Heinzl, Mark
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
Statistical Data Included

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

Nortel loss widens; stock price falls after market closes

Article Abstract:

Nortel Networks Corp. reports a third-quarter operating profit of $574 million, up from $314 a year ago. Nortel's revenue also jumped from $5.15 billion a year ago to this year's $7.31 billion. The company also reports a net loss of $586 million compared to last year's figure of $79 million.

Author: Heinzl, Mark
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
Finance

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

Nortel lowers 1st-quarter forecast again

Article Abstract:

Forecasts of reduced results in the first quarter will be reduced again, says Nortel Networks Corp. The additional lowering of their forecasts are due to the general economic slowdown as well as a slowdown in the telecommunications industry itself.

Author: Heinzl, Mark
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Canada, Forecasts and trends, Telecommunications equipment industry, Telecommunications systems, Company sales and earnings, Nortel Networks Corp., NT, Company earnings/profit
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.