Alcatel-Lucent says it had second-quarter operating loss
Alcatel-Lucent SA, France's largest telecommunications equipment supplier, said it had a loss of about $49 million in the second quarter, citing “slower-than-expected business-mix improvement.”
Second-quarter sales topped 3.5 billion euros, the Paris- based company said today in a statement. Analysts projected 3.57 billion euros, the average of estimates compiled by Bloomberg.
Alcatel-Lucent, with operations in Lisle and Naperville, said it now expects to miss its target for full-year adjusted operating-profit margin, citing “year-to- date performance and the difficult macro-economic environment.” The company earlier this year predicted that its profit margin will rise this year.
Alcatel-Lucent is scheduled to report detailed second- quarter earnings on July 26.