Agere's Revenues Rise 3% Sequentially to $456 Million

Agere Systems reported quarterly revenue of $456 million, up 3% from the prior quarter but down from $498 million in the same period last year. Net loss on a reported or GAAP basis for the June quarter was $78 million or $0.05 per share. Agere said it was pleased with the continued improvements in its financial performance. The company expects revenues in the September quarter to be up approximately 5 to 8 percent from the June quarter.
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