Alcatel-Lucent (ALU) Tops Q3 EPS by 5c; Lowers Q4 Outlook on 'Market Uncertainties'
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Alcatel-Lucent (NYSE: ALU) reported Q3 adjusted EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter was €3.797 billion, compared to €4.074 billion in Q310.
CEO Ben Verwaayen commented, "For the remaining part of 2011, given these market uncertainties, and selective spending from our customers, especially in Europe, we now expect weaker revenues there than initially planned in the fourth quarter of 2011.
Therefore, we now are aiming for an adjusted operating margin of around 4% of 2011 sales taking benefit of the fixed costs savings already achieved in 2011, at an exit run-rate level of around € 300 million a year.”
CEO Ben Verwaayen commented, "For the remaining part of 2011, given these market uncertainties, and selective spending from our customers, especially in Europe, we now expect weaker revenues there than initially planned in the fourth quarter of 2011.
Therefore, we now are aiming for an adjusted operating margin of around 4% of 2011 sales taking benefit of the fixed costs savings already achieved in 2011, at an exit run-rate level of around € 300 million a year.”
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