Alcatel-Lucent warns of 'soft' revenue

Alcatel-Lucent reported "soft revenues" for the first quarter on Tuesday, saying preliminary sales fell to around $5.26 billion, down 8 percent from a year earlier at constant currency rates.

The unaudited figure, issued in an unscheduled announcement ahead of formal quarterly results, compares with a market consensus of some $5.46 billion held by Reuters Estimates.

The recently merged French-American telecommunications equipment group said it expected to post an adjusted operating loss of some $351 million in the first quarter, half of which would be attributed to significant items.

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- Posted: 2007-04-24 10:05:47

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