Tellabs rises after forecast

NAPERVILLE - Tellabs Inc. rose as much as 7.7 percent in trading Tuesday after its second-quarter sales forecast exceeded analysts' projections. Revenue will climb at least 10 percent from the previous quarter, Tellabs said in a statement. That amounts to about $418 million, beating the $386.5 million average of estimates compiled by Bloomberg. Tellabs, based in Naperville, rose as high as $8.85 after closing at $8.22 yesterday on the Nasdaq Stock Market.