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Alcatel-Lucent reports profit for third quarter

Alcatel-Lucent reports profit for third quarter

Telecommunications equipment maker Alcatel-Lucent SA has reported a profit in the third quarter after losses last year, amid recovering demand for wireless and growth in Asia and eastern Europe.
The company, a top supplier to U.S. and European phone companies, says its profit was (EURO)25 million in the third quarter, compared to a loss of (EURO)182 million in the same period last year amid recession-related spending cutbacks by customers.
Alcatel-Lucent maintained its outlook for the full year. It has said it expects adjusted operating margin, its preferred measure for profitability, of between 1 and 5 percent this year.
The company is headquartered in Paris and has its North American operations based in Murray Hill, New Jersey.


Updated : 2020-12-05 07:25 GMT+08:00