Alcatel shares tumble on revenue outlook
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Alcatel-Lucent SA fell nearly 9 percent Thursday after the telecommunications equipment maker slashed its full-year revenue growth forecast and said it expects third-quarter operating profit to be "around break-even."
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Shares of Accredo Health Inc. ACDO.O  sank in trade before the opening bell after the provider of  pharmacy and treatment services for patients with chronic  illnesses slashed its fiscal 2005 profit forecast.
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(InfoWorld) - Alcatel-Lucent's revenue fell for the fourth quarter and the company plunged into loss. The performance was disappointing, but theÂ long-term prospects of the mergerÂ of Alcatel and Lucent Technologies remain positive, the company said. Fourth-quarter revenue dropped 16 percent year-on-year on a comparable basis, to â¬4.42 billion ($5.83 billion as of Dec. 31, the last day of the period reported) from â¬5.25 billion, while revenue for the full year fell to â¬18.25 billion from â¬18.57 billion. Although the merger was onlyÂ completed at the end of November, the company provided pro-forma figures as if the merger had taken place on Jan. 1, and restated earlier figures on a comparable basis. On that basis, the company made a net loss of â¬618 million in the fourth quarter, compared to a net profit of â¬381 million a year earlier. For the full year, net profit fell to â¬522 million, down from â¬1.67 billion on a comparable basis the previous year. The disappointing performance was due to uncertainty among customers and staff about the outcome of the merger, and to a highly competitive market in North America during the fourth quarter, the company said. As it proceeds with the integration of Alcatel and Lucent, the company expects to realize cost savings of â¬600 million this year, and a total of â¬1.7 billion in cost savings within three years of the merger. The savings will come from optimization of its supply chain, and the elimination of duplicate resources and products, and around 12,500 jobs. Post-merger, the company makes around three-quarters of its revenue from carrier products. Revenue of â¬1.47 billion came from fixed-line telecommunications equipment in the fourth quarter, â¬1.24 billion from wireless equipment, and â¬510 million from converged products. Enterprise networking equipment accounted for â¬410 million, and services for â¬740 million. Demand was particularly strong for enterprise IP telephony equipment in Europe, the company said.
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Alcatel-Lucent  on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
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NEW YORK - Stock prices were expected to drop after the opening bell Friday as investors stay cautious on the corporate earnings picture, with Alcoa Inc. likely casting a shadow in early trading...
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Franco-American telecommunications equipment maker Alcatel-Lucent on Friday posted a loss of about $3.8 billion for the fourth quarter, said it would scrap its 2007 dividend and predicted a rocky 2008.
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Palm Inc , the maker of Treo cell phones, forecast lower-than-expected revenue amid tough competition from Research in Motion Ltd's  Blackberry and Apple Inc's  iPhone, sending its shares tumbling 12 percent on Tuesday.
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NEW YORK - Alcoa (AA) shares plunged more than 5% in early Friday trading after the world&#39;s largest aluminum producer warned that third-quarter results would fall far short of Wall Street expectations, hurt by plant shutdowns, restructuring costs and
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Telecommunications equipment maker Alcatel-Lucent said Friday it swung to a loss in the fourth quarter and increased by 3,500 the number of jobs it plans to cut.
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Shares of Alcoa Inc., the world&#39;s biggest aluminum producer, fell the most in almost five months in Europe after the company said third-quarter profit from continuing operations will be below analysts&#39; estimates.
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Freshly merged Alcatel-Lucent  is  stepping up job cuts to 12,500 after lurching into a fourth  quarter loss and forecast a first-quarter sales dip as tough  trading and uncertainties from the tie-up take their toll.
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Alcatel-Lucent stepped up job cuts to 12,500 after lurching into a fourth quarter loss and forecasting a first-quarter sales dip as tough trading and uncertainties from the merger take their toll.
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Alcatel-Lucent finished its first full year as a merged company with a net loss of 3.52 billion euros and sales of 17.79 billion euros, a 2.5 percent drop.
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Vodafone is expected to say next week that its core profit margin will continue to fall in the current financial year, as the world&#39;s largest mobile phone group by revenue fights fierce competition in its European markets.
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Wall Street stocks fell sharply on Friday after a cautious earnings outlook at American Express (NYSE:AXP) added to worries that US consumer spending is headed for a sharp slowdown.
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Alcatel-Lucent will shed 12,500 jobs or 16 percent of staff, more than expected, as a result of its complex transatlantic merger and it sees tough times ahead with another dip in sales in the first quarter.
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Shares in telecommunications equipment maker Alcatel-Lucent SA fell Thursday to their lowest level after the company slashed its forecast for full-year revenue growth in its third profit warning since the start of the year