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Alcatel-Lucent Narrows Third-Quarter Loss
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Updated from 3:38 a.m. EDT
Alcatel-Lucent (ALU Quote) notched its seventh consecutive quarterly shortfall Thursday, but its first under new management, although its shares jumped as the loss narrowed significantly from a year ago.
The Paris-based telecom-equipment maker reported a third-quarter loss of 40 million euros ($52.9 million), or 2 euro cents a share, as sales fell and the company recorded charges of 81 million euros related to the Alcatel-Lucent business combination. Adjusted for noncash items, Alcatel-Lucent said it had a profit of 41 million euros, or 2 euro cents a share.
In the third quarter of 2007, the company reported a loss of 345 million euros. ...
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