Alcatel Lucent (ALU) is higher in pre-market trading after the company reported that for Q1, it narrowed its loss year over year and topped analysts’ expectations, while revenue declined from the prior year period and missed estimates.
The France-based mobile, fixed, Internet Protocol (IP) and optics technologies, applications and services provider reported Q1 loss of EUR 0.03 per share, or $0.04 loss per share, compared with $0.15 loss per share, or $0.21 loss per share, in the prior-year period. Revenue was EUR 2.96 billion, or $4.10 billion, down from EUR 3.06 billion or $4.23 billion in the same quarter last year.
Analysts polled by Capital IQ were expecting a loss per share of EUR 0.05 or $0.07, on revenues of EUR 3.16 billion or $4.37 billion.
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