{"id":12221,"date":"2013-11-04T08:15:56","date_gmt":"2013-11-04T13:15:56","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=12221"},"modified":"2013-11-04T03:55:52","modified_gmt":"2013-11-04T08:55:52","slug":"alcatel-lucent-sa-adr-nysealu-posts-net-loss-totaling-e200-million","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/alcatel-lucent-sa-adr-nysealu-posts-net-loss-totaling-e200-million-12221","title":{"rendered":"Alcatel Lucent SA (ADR) (NYSE:ALU) Posts Net Loss Totaling \u20ac200 Million"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 11\/04\/2013 (wallstreetpr) &#8211;<b>\u00a0<\/b>Alcatel Lucent SA (ADR) (NYSE:ALU) has posted net losses totaling \u20ac200 million translating to 9 cents a share for the third quarter compared to same quarter a year ago of \u20ac 316 million or 14 cents a share. The decline in losses can be attributed to the company increased sales in IP routing and wireless divisions. The Company operating profits for the third quarter stood at \u20ac 316 million with its cash flow losses lowering to a low of \u20ac 218 million from the high of \u20ac 366 million a year ago.<\/p>\n<p style=\"text-align: justify;\">The financial result for the third quarter show signs of growth for the company according to its Chief Executive Officer Michel Combs. The company looks set to slim down its workforce by up to 15% approx. 10,000 in efforts of reducing its wage bill to boost its net profits. The company current priority is to improve its cash flow which improved to a high of \u20ac 150 million in the third quarter. Alcatel has a good traction of its LTE overlay strategy and continues to enjoy good wins with sprint Telefonica and in China<\/p>\n<p style=\"text-align: justify;\">Alcatel Lucent<b> <\/b>currently boosts of fixed cost savings totaling \u20ac 260 million as it continues to reduce its bonds maturity to less than \u20ac 900 million. The company projects strong seasonal activities for the fourth quarter that could see its fixed cost savings reaching a high of \u20ac 300 million for the full year. The company Revenues for the third quarter stood at \u20ac 3.67 billion an increase of 1.9% with revenues of its core segments rising by 6%at constant exchange rates. The company operating income stood at 6.1% of revenues as compared to 0.2% a year ago. The company considers North America as a base for its largest clients who it will focus on in the fourth quarter to boost its revenue reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 11\/04\/2013 (wallstreetpr) &#8211;\u00a0Alcatel Lucent SA (ADR) (NYSE:ALU) has posted net losses totaling \u20ac200 million translating to 9 cents a share for the third [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":12222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3309,3003,324,680],"stock_ticker":[],"class_list":["post-12221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-alcatel-lucent-sa-adr","tag-alcatel-lucent-sa-adr-nysealu","tag-alu","tag-nysealu","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alcatel Lucent SA (ADR) (NYSE:ALU) Posts Net Loss Totaling \u20ac200 Million - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, 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