Alcatel-Lucent Posts Q1 Net Loss (Group Share) Of €73 Mln, Or €0.03/shr

(RTTNews) - French telecom equipment maker Alcatel-Lucent SA's (ALU) first-quarter 2014 reported net loss (Group share) totaled 73 million euros, or 0.03 euros per share, including the negative after tax impact from Purchase Price Allocation or PPA entries of 8 million euros. Reported loss per ADS amounted to $0.04 this quarter.

The prior-year quarter's proforma net loss (Group share) was 353 million euros, or 0.15 euros per share. The year-over-year improvement of 280 million euros was driven by the higher level of operating income, lower restructuring charges and a significant reduction in net financial losses, according to the company.

Excluding the main non-cash impacts from PPA entries relating to the Lucent business combination, quarterly adjusted net loss (group share) was 65 million euros or 0.02 euros per share, or $0.03 per ADS.

The firm clocked revenues of 2.96 billion euros for the first quarter of 2014, growing 0.3% year-over-year at constant exchange rates and comparable perimeter, the company said. Revenues for the Group, excluding Managed Services, were up 3.9% year-on-year.