Wireless Business Helps Lucent Profit
Wednesday, 20 October 2004 13:35 EST
Lucent Technologies Inc., among the world's largest makers of telecommunications equipment, on Wednesday said quarterly earnings rose sharply, helped by improvement in its wireless networks business and lower costs.
Murray Hill, New Jersey-based Lucent said it earned $348 million, or 7 cents a share in the fourth quarter, compared with $99 million, or 2 cents, in the year-ago period.