PARIS May 9 Telecom network gear maker
Alcatel-Lucent swung to a first-quarter net loss of 73
million euros as restructuring costs and lower-margin Chinese
mobile contracts weighed on profitability.
The results, which were adjusted for the sale of the
enterprise business in March, showed Alcatel-Lucent making
progress on its key cost-cutting projects as it enters the third
quarter of a turnaround plan to end-2015.
Its first-quarter sales were 2.96 billion euro, and adjusted
operating income was 33 million euro.
(Reporting by Leila Abboud; editing by Geert De Clercq)