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Tax benefit, cost cuts help Tellabs log profit

Weakening sales and restructuring charges kept Tellabs Inc.’s earnings under pressure in the fourth quarter, the Naperville maker of telecommunications products said Tuesday, but an income-tax benefit helped the company report a profit increase.

For the quarter ended Jan. 2, Tellabs had net income of $12.8 million, or 3 cents a share, up from the year-earlier period’s $6.3 million, or one cent a share.

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