luminous Tech CHICAGO, April 24 (Reuters) - Struggling telecommunications equipment giant aglow(predicate) Technologies Inc. on Tuesday reported a $3.7 billion second- shit loss, soon enough its tenor surged as much as 22 percentage on optimism its long-awaited turnaround could be near at hand. The confederacy, found in Murray Hill, N.J., said the pro forma loss for the quarter, excluding restructuring charges and other one-time costs, was 37 cents a share, compared to a gain of 16 cents in the year-ago period. However, results amend 5 percent from a pro forma first-quarter loss of 39 cents.
The company said in January its financial results would improve all(prenominal) quarter through the year. Lucents stock surged as much as 22 percent, and was still up 13.37 percent, or $1.23, at $10.43 in Tuesday afternoon trading on the New York Stock Exchange. oer the bypast year, it has underperformed the Standard & Poors 500 Index by nearly 80 percent. ``We said wed talk less and do more, Lucent...If you postulate to support a full essay, order it on our website:
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