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Alcatel-Lucent Reports Earnings, Stock Soars On Optimistic Outlook

Paris-based telecom equipment builder Alcatel-Lucent (UNKNOWN: ALU.DL  ) reported third-quarter sales of $5.1 billion and an adjusted net loss of $0.08 per American depositary share earlier today. That's 7% year-over-year sales growth on a currency-adjusted basis, and a marked improvement from the year-ago period's $0.50 loss per ADS. Gross margins improved to 32.6%, compared to 27.8% a year ago.

S&P Capital IQ estimates had predicted an adjusted net loss of $0.06 per ADS so Alcatel missed that Street target, but revenues just edged out analyst estimates.

Alcatel's results were driven by 6% higher sales in the IP routing segment and a number of high-speed Internet backbone installations during the quarter. From a geographic point of view, North American sales soared nearly 20% higher year-over-year while China stayed flat and Latin American sales struggled.

Looking ahead, CEO Michel Combes expects accelerated cost savings on top of strong seasonal patterns in the year-ending quarter. "We are seeing the first positive signs of our new operating model in our day-to-day business," Combes said.

That optimistic note struck a chord with Alcatel investors: Alcatel shares opened 11% higher on the Euronext Paris market, and have only traded higher since then.

You can access Alcatel-Lucent's full results here, alongside the financial statements in a separate PDF download. Don't worry, these are the English versions of Alcatel's reports.


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  • Report this Comment On October 31, 2013, at 10:00 AM, goldman2too wrote:

    I'm telling you ALU will be over 5 dollars very soon - probably before years end! Only a fool would still be sitting on the sideline! I bought 160,000 shares at 1.30 and would have bought 250,000 shares if I had the extra cash!

  • Report this Comment On October 31, 2013, at 12:36 PM, LindonTomson wrote:

    Fundamental Strength And Algorithm Endorse Alcatel-Lucent, article with this heading published on Seeking Alpha by I KNOW FIRST.

    ALU price at this time July 22, was$2.12 its stands now on $3.78

  • Report this Comment On October 31, 2013, at 12:37 PM, LindonTomson wrote:

    Fundamental Strength And Algorithm Endorse Alcatel-Lucent, article with this heading published on Seeking Alpha by

    - I KNOW FIRSTsystem.

    ALU price at this time July 22, was $2.12 it stands now on $3.78

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12/31/1969 7:00 PM
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Alcatel-Lucent CAPS Rating: ****