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Alcatel-Lucent (ALU Quote) replaced its financial chief and set plans to cut 4,000 more jobs following its third straight quarterly loss.
Alcatel-Lucent also trimmed its full-year forecast, saying revenue will come in flat due to "some of the recent uncertainty seen in the market."
The Paris-based telecom equipment maker lost 258 million euros ($372 milion) in the third quarter ended Sept. 30. Revenue rose 2.3% from second-quarter levels but dropped 7.8% from a year ago to 4.35 billion euros ($6.27 billion).
Analysts were looking for a modest profit on revenue of $6.23 billion. ...
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