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General

Alcatel-Lucent posts Q4 loss on writedowns, sales fall 1.3%

Thursday 7 February 2013 | 09:32 CET | News
Alcatel-Lucent reported revenues down 1.3 percent year-on-year to EUR 4.1 billion in the fourth quarter, as 10 percent growth in US revenues was unable to offset a weaker performance elsewhere. Operating expenses were reduced by 1.7 percent year-over-year and flat sequentially, and the group posted an operating profit excluding one-time items of EUR 117 million, or 2.9 percent of revenue. The company's net loss came in at EUR 1.37 billion in the quarter, or EUR 0.60 per share, hurt by an impairment charge and writedown of associated tax assets. It had EUR 126 million of net cash at the end of

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Categories: General
Companies: Alcatel-Lucent USA/FR
Countries: World
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