Market Overview

Alcatel-Lucent Swings To Q2 Loss

Related ALU
UPDATE: Morgan Stanley Upgrades Alcatel Lucent
Top 4 Stocks In The Communication Equipment Industry With The Highest Revenue

Alcatel-Lucent SA (NYSE: ALU) posted a loss in the second quarter.

Alcatel-Lucent posted a quarterly net loss of EUR254 million, versus a year-ago net profit of EUR43 million. Its revenue dropped 7.1% to EUR3.55 billion

It posted an adjusted operating loss of EUR31 million, versus a year-ago profit of EUR87 million.

Alcatel-Lucent shares closed at $1.06 yesterday.

Posted-In: lossEarnings News

 

Related Articles (ALU)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters