More on Alcatel-Lucent (ALU) Q3: swings to net loss of €146M ($188M) from profit of €194M last...

|By:, SA News Editor

More on Alcatel-Lucent (ALU) Q3: swings to net loss of €146M ($188M) from profit of €194M last year vs consensus of €149.1M. Sales also beat forecasts of €3.55B. Earnings hurt by operators cutting spending on networks, particularly in Europe. On track with cost-cutting program to slash 5,500 jobs. Ended the quarter with €4.7B in liquidity and is reviewing options to strengthen balance sheet.