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Alcatel-Lucent (ALU Quote) extended its money-losing streak to nine quarters as it continues to make cuts amid a tech spending slump.
The Paris-based telecom equipment shop posted an adjusted net loss of 18 Euro cents, or 24 cents a share, widening the loss of 7 cents in the year-ago period and falling well below the 9-cent loss analysts were looking for, according to Yahoo! Finance.
Sales for the quarter were 3.6 billion Euros or $4.8 billion, down 7% from last year but above the $4.7 billion mark analysts were looking for.
"As we discussed before, 2009 will be a year of transition," CEO Ben Verwaayen said in a press release Tuesday. ...
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