Tellabs Inc. (TLAB) stayed true to its projections that second-quarter earnings would be nothing spectacular. The equipment maker released its numbers on Tuesday – a tax gain helped boost profit but sales dipped 19 percent. Tellabs CEO Rob Pullen told xchange in April second-quarter [margins would be lower partly due to an unprofitable GPON partnership with Verizon Communications Inc. (VZ)
MarketWatch: Tellabs earnings rise on tax gain
AP: Tellabs 2nd-quarter profit rises on tax benefit
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