Alcatel-Lucent (ALU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Alcatel-Lucent (ALU)

ALU 3.460

0.0%

Mar 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sam	2/10/2012 11:27:23 AM
	of 176

Alcatel Shares Soar As Q4 Profits Top Street Expectations forbes.com Alcatel-Lucent shares are trading sharply higher Friday morning on better-than-expected profits for the telecom equipment provider’s fourth quarter. For the period, the company reported revenue of 4.256 billion Euros, a hair below the Street at 4.276 billion. Revenues were up 12.1% sequentially but down 12.5% year-over-year; on a constant currency basis revenues were up 9.5% sequentially, but down 11.2% year-over-year. Adjusted EPS in the quarter was 19 Euro cents a share, ahead of the Street at 8 cents. Profits for all of 2011 totaled 1.1 billion Euros, up from a loss of 334 million in the year-earlier period. It was the first annual profit for the company since Alcatel merged with Lucent six years ago, the Wall Street Journal notes. For 2012, the company said it expects to post higher adjusted operating margin than in 2011, and to finish the year with a strong positive net cash position. Alcatel also said it intends to cut costs by another 500 million Euros in 2012, with a 200 million reduction in fixed expenses and a 300 million cut in variable expenses. The Financial Times is reporting that the company plans to cut up to 1,800 employees. ALU this morning is up 30 cents, or 15.5%, to $2.24.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next