Lufax Holding (LU)

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Market Scan
Lucent Q4 May Have Been Hurt By Sprint-Nextel Merger
Ed Lin, 10.10.05, 5:22 PM ET

Standard & Poor's Equity Research expects Lucent Technologies (nyse: LU - news - people ) report fiscal fourth-quarter (ended September) earnings of 5 cents per share, in line with its estimate.

Lucent, which S&P Equity Research rates at "hold," will report on Oct. 26.

The research firm said, "Sales may be flat year-over-year as wireless system sales may have weakened by sales delays from the merger of Sprint-Nextel (nyse: S - news - people ), in our opinion."

Also, S&P Equity Research noted that ADC Telecommunications' (nasdaq: ADCT - news - people ) earnings preannouncement, related to weaker fiber sales from service providers, could "negatively impact" Lucent's fourth-quarter results or its current fiscal first-quarter outlook.

G'day Mates.

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