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Tellium Posts Operating Profit in First Quarter



posted a fourth-quarter profit before charges, two quarters ahead of Wall Street's expectations.

The networking company earned $1.7 million, or 1 cent a share, compared with a loss of $7.4 million, or 6 cents a share, in the third quarter. The company launched in an IPO last May.

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Wall Street had been expecting the company to lose 4 cents a share this quarter, lose 2 cents a share next quarter, and break even in the second quarter.

Revenue for the quarter rose 25% from the third quarter to $50.2 million, ahead of expectations and company guidance.