Dallas, Texas 08/04/2014 (FINANCIALSTRENDS) – Alcatel Lucent SA (ADR) (NYSE:ALU) the telecom player which dominates software, wireless and IP, router products and applications for third parties noted some downtrends during its second quarter results, reported on Thursday.
The company with veneered French moorings has a global footprint and is present dominantly in the end-user markets as in the US and Europe as well as emerging markets in Asia and Far East. However, over the preceding quarter, one of its core business segments, networking, has proved to a key obstacle for the multinational.
Alcatel Lucent SA (ADR) (NYSE:ALU) reported that its quarterly revenue were $4.39 billion, which was much lesser than analyst estimates of $4.41 billion. EPS reported was -$.015 which was much lesser than the estimated -$0.01.
IPO by 2015 H1
But positive news to follow the performance report was of an Initial Public Offer by 2015 first half. The necessity of the additional funding for this multi-domain networking and optical fibre player was to raise funds for an ambitious turnaround of the submarine optical cable unit.
Alcatel Lucent SA (ADR) (NYSE:ALU) second quarter results were downcast because of the problems in its Core Networking operations.