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Updated from 12:26 p.m. EDT
Shares of telecom equipment maker Alcatel-Lucent (ALU Quote) rose in early trading Tuesday as investors shrugged off a ninth consecutive quarterly loss.
Alcatel-Lucent's shares climbed 3.8%, to $2.71, outpacing the broader retreat in tech stocks that saw the Nasdaq fall 0.55%.
The Paris-based company, which posted its results before market open, beat analysts' revenue estimate with sales of $4.8 billion, but suffered a widening first-quarter loss. Alcatel-Lucent reported an adjusted net loss of 18 Euro cents, or 24 cents a share, widening the loss of 7 cents in the prior year's quarter. Analysts surveyed by Thomson Financial were looking for a loss of 9 cents a share. ...
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