Tough Q1 Expected for Nortel

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By Mark Evans | April 25, 2008

Nortel’s first-quarter results don’t come out until next Friday but there’s already noise that they won’t be pretty.

MarketWatch has a short pre-earnings story that analysts believe it will be a tough quarter due to “soft demand”. Nortel is expected to lose six cents a share (excluding extraordinary items) on revenue of $2.5-billion. The compares with an adjusted loss of four cents on revenue of $2.48-billion in Q1 2007.

Here’s an overview of what analysts are expecting:

Source: Yahoo Finance