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    Tough Q1 Expected for Nortel

    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:

    Picture 1-76
    Source: Yahoo Finance

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    Topics: Analyst Coverage, Financials |

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