TORONTO-Nortel Networks Corp. confirmed its forecast for fourth quarter 2000, fiscal year 2000, first quarter 2001 and fiscal year 2001.
The company expects revenue in the fourth quarter 2000 to be between $8.5 billion and $8.8 billion and per-share earnings of 26 cents per share on a fully diluted basis. For the first quarter of 2001, it anticipates a revenue of between $8.1 billion and $8.3 billion with per-share earnings of 16 cents on a fully diluted basis.
“As we enter the last two weeks of the quarter and the year, we remain very confident in our previously stated guidance,” said John Roth, the company’s president and chief executive officer.
