Nortel 1Q loss widens with rising charges, expenses

Canadian telecommunications equipment maker Nortel Networks Corp. said Friday that its first-quarter loss widened as an increase in revenue was overshadowed by rising charges and expenses.

For the quarter that ended March 31, Nortel reported a loss of $138 million, or 28 cents per share, compared with a loss of $103 million, or 23 cents per share, in the year-ago quarter.

Nortel's per-share loss was calculated with a larger number of shares in the recent period.

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- Posted: 2008-05-02 08:33:52

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