Tellabs 52-Week High Alert (TLAB)

Tellabs Inc. (NASDAQ: TLAB) is trading up sharply after the telecom equipment maker said that first quarter earnings were $0.11 EPS, higher than the $0.09 estimate from Thomson Reuters.  Revenue was also up by about 5% at $379.7 million versus $371.5 million expected.

At 9:02 AM EST we have shares up about 10.5% at $9.08 on over 600,000 shares.

Average volume is 6 million shares and the preior 52-week trading range is $4.71 to $8.61.

This is not just 52-week highs, but multi-period highs. It appears that the last time shares were over $9.00 was in October 2007.

JON C. OGG

Lexmark Earnings, New 52-Week Highs (LXK)

Lexmark International Inc. (NYSE: LXK) is trading substantially higher after earnings, which came in at $1.35 EPS, about $0.46 above consensus and needs verifying.  Revenue rose about 10% to $1 billion, which was in line with estimates.  At 8:53 AM EST we have shares up 9.2% at $43.60 on about 75,000 shares.  The stock is now trading at new 52-week highs as the listed range before this morning’s pre-market trading session is $14.23 to $40.65 and te average volume is about 2.5 million shares.

JON OGG