Alcatel Lucent Posts Q1 Net Loss

reported a net loss for the first quarter. Alcatel Lucent posted a quarterly net loss of EUR72 million, or 0.03 euros per share, versus a year-ago net loss of EUR73 million, or 0.03 euros per share. Its adjusted operating profit almost doubled to EUR82 million. Its revenue rose 9.2 percent to EUR3.24 billion on a comparable basis. The company's gross margin widened to 34.6 percent from 32.3 percent, while operating margin increased to 2.5 percent from 1.1 percent in the year-ago quarter. Alcatel Lucent shares gained 2.79 percent to $3.68 in pre-market trading.