Ottawa Business Journal - Technology

Article

Print
Send to a friend
Comment (0)

Alcatel-Lucent warns of US$49M Q2 operating loss

(Stock image)

Published on July 17, 2012; Published on July 17, 2012
The Associated Press ~ staff OBJ

Alcatel-Lucent says it expects to post an adjusted operating loss of C40 million (US$49 million) for the second quarter when it announces its earnings next week.

Topics :: Alcatel-Lucent , Verizon and France Telecom , Ottawa

The telecommunications equipment maker says in a statement Tuesday that its revenue for the April-to-June quarter should be above C3.5 billion – still below the C3.9 billion posted in the same period last year.

The Paris-based company, which has a presence in Ottawa, says the poor economy is weighing on its businesses. While it expects the rest of 2012 to pick up, it will miss its earnings targets for the year. It had previously said it would improve on the 3.9 per cent adjusted operating margin achieved in 2011.

Alcatel-Lucent supplies telecommunication carriers such as AT&T, Verizon and France Telecom.

Rate
Top of the page

Submit a comment

Submit a comment Your name* Email* (we keep all emails private) Write your comment here*

Agreement

We ask that users remain courteous. You may not post insulting, discriminatory or inappropriate content, which may be removed at our discretion. We are not responsible for user content and opinions. Use of this site as well as content submission & ownership are governed by our Conditions of Use and Privacy Policy.

Member organizations should be non-profit in nature, and promote legal activities. Any organization found promoting illegal activities or commercial products or services will be deleted from the site.

I agree with these conditions.