Alcatel-Lucent's net losses drop

|By:, SA News Editor

Alcatel-Lucent's (ALU) Q3 net loss narrowed to €200M from €316M a year earlier and came in better than analyst expectations of €274M. The latest results include restructuring charges of €117M and financials charges of €218M.

Revenues rose 1.9% to €3.67B and also surpassed consensus.

Alcatel-Lucent swung to an adjusted operating profit of €116M from a loss of €126M last year

Revenues at the company's core networking segment rose 6% at constant exchange rates; adjusted operating income was 6.1% of revenues vs 0.2% last year.

Alcatel-Lucent expects strong seasonal activity to drive its Q4 business, while it also projects that fixed-costs savings will hit the top end of its €250-300M target. Year-to-date savings have reached €259M. (PR)