Tribune staff report | Tellabs reported a first-quarter profit of $45.9 million, or 12 cents a share, up from $6.5 million or 2 cents a share a year earlier, beating expectations. The company also upped its outlook, predicting companies would spend more to upgrade their networks.

Excluding special items, profit rose to 11 cents a share from 6 cents a share a year earlier.  First-quarter revenue rose 5 percent to $380 million from $362 million a year earlier.