I'll never understand the stock

I'll never understand the stock market. Nortel takes a beating

After the close of markets on Tuesday, Nortel reported earnings of 17 cents a share in its third quarter, beating analysts' average estimates by 1 cent.

Revenues came in at $7.3 billion, which was as much as $100 million lower than expected, with only 90 percent growth in optical-equipment revenues, compared with expectations of about 120 percent growth.