PARIS (AP) — Struggling French telecommunications equipment maker Alcatel-Lucent says it swung to a wider than expected loss in the first quarter as sales nearly stalled and restructuring costs continued to mount.
The Paris-based supplier to operators such as AT&T, Verizon and Orange says it lost eur353 million in the January-March period, compared to a eur259 million gain a year earlier. Sales were nearly flat at eur3.23 billion.
Analysts surveyed by financial data provider FactSet forecast a first quarter loss of eur265 million on sales of eur3.2 billion
In a statement Friday, new chief executive Michel Combes said he planned to unveil his ideas for turning Alcatel-Lucent around in early summer.
After Youtube Terminated His Account Twice, Hickok45 Found A New Home
Open thread: The battle for New Hampshire’s silver medal; Update: Fox calls Trump, Sanders winners; Update: Fox, ABC, NBC call silver for Kasich
'Worth a thousand words': One 'disgraceful' photo sums up Hillary perfectly
End of the Line for These Three Republicans | RedState
2016 Election Primary Results
The "Establishment" Nonsense | Human Events
- Greedy Landlords Must Be Stopped From Profiting From Their Real Estate