Saturday, May 7, 2011

Alcatel-Lucent's Net Loss Narrows

Saturday, May 7, 2011

PARIS—Telecom-equipment maker Alcatel-Lucent SA on Friday posted improved results for the first quarter, but concern over its dependence on the U.S. as its main growth driver hurt its shares even as it confirmed its full-year guidance.

Analysts also said revenue growth was disappointing compared with rivals such as market leader Telefon AB L.M. Ericsson, which last month reported a stronger than expected rise in sales and profit on continuing strong demand for wireless technology.

Alcatel-Lucent's net loss narrowed sharply to €10 million in the three months ending March 31 from €515 million a year ago. It reported an adjusted operating ...

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