Lucent Rises on Outlook - TheStreet

Lucent (LU) was up 8.8% in early trading as the troubled telecom equipment maker said it expects a modest increase in third-quarter sales over the second quarter's $5.915 billion.

The company said it has accelerated its cost-cutting and remains confident in its restructuring plan. Analysts are expecting the company to show a loss of 21 cents a share on revenue of $6.07 billion, according to

Thomson Financial/First Call

.