Lucent Technologies Inc.
CHICAGO, April 24 (Reuters) - Struggling telecommunications equipment giant Lucent Technologies Inc. on Tuesday reported a $3.7 billion second-quarter loss, yet its stock surged as much as 22 percent on optimism its long-awaited turnaround could be near at hand.
The company, based in Murray Hill, N.J., said the pro forma loss for the quarter, excluding restructuring charges and other one-time costs, was 37 cents a share, compared to a gain of 16 cents in the year-ago period.
However, results improved 5 percent from a pro forma first-quarter loss of 39 cents. The company said in January its financial results would improve each quarter through the year.
Lucent's stock surged as much as 22 percent, and was still up 13.37 percent, or $1.23, at $10.43 in Tuesday afternoon trading on the New York Stock Exchange. Over the past year, it has underperformed the Standard & Poor's 500 Index by about 80 percent.
``We said we'd talk less and do more,'' Lucent Chairman and Chief Executive Henry Schacht told Reuters in a telephone interview after the results were announced.
``We have said consistently this is a transition year, and we expect to see quarter to quarter improvement,'' he added. Lucent's third-quarter earnings will improve significantly, while sales will see a modest increase.
Stronger-than-expected revenue and a stabilized balance sheet led Salomon Smith Barney analyst Alex Henderson to upgrade his rating on the stock to outperform from neutral. He said the company looks on track to break even within the year.
All results excluded Lucent's former Agere optical components unit, which was partly spun off recently and reported its second-quarter results separately on Tuesday.
Lucent also said losses for its Winstar Communications loans and other write-offs totaled 15 cents per share.
Analysts on average had expected a second-quarter loss of 23 cents a share with a range of a loss of 12 cents to a loss of 47 cents, but that estimate included results at Agere, according to Thomson Financial/First Call. Lucent expects to complete the Agere spinoff by the end of September.
LUCENT NOT ALONE
The beleaguered company is not alone as demand in the telecom equipment sector has slowed, analysts said. Nortel Networks, the largest telecom gear maker, last week reported first-quarter losses in line with an earlier warning, but said earnings could improve next quarter as it cuts 5,000 more jobs and trims costs.
Including the charges and other costs, Lucent reported a second-quarter net loss of $3.7 billion, or $1.
Revenues of $10,161 million in the fiscal year ended December 2014 was seen by the organization, an increase of 5.3% over 2013.The company 's operating profit was $419 million in fiscal 2014, as compared to an operating loss of $22 million in 2013. Its net profit was $402 million in fiscal 2014, an increase of 34% over 2013 (Sutter Health, 2016).
...s are doing well and over the many years have gone up. The company has not lawsuits currently pending which is good. The company as a whole seems to be growing even when the market is down.
• Both Caterpillar Inc. and John Deere & Co. experienced a very tumultuous 2015. They both experienced significant drops in revenues - 15.33% for Caterpillar, related to sales on machinery, energy, and transportation, 21.8% for John Deere, related to equipment operations - from 2014. John Deere may have taken the higher percentage loss, but Caterpillar took the larger dollar value hit. John Deere had a decrease of $7,204.1 million (consolidated income), while Caterpillar had a decrease of $8,173 million (consolidated income).
Another highlight of the company was the company’s gross margin, which was 32.8 in 2012, just a little more than the 31.9 in 2011 and their selling rate went down by 20.9
...been reported that they have had some bad point where they fell 8% and there is an estimate net loss of $5 million to $15 million. This is not good if there are any plans of gaining money from the stock. Also as of right now this is what was reported about Netflix stock:
They barely invested in anything (21). They also covered most of the lost from operations from financing a lot of their money. They took out a large bank loan and increase their debt. Stockholder also had to forgo their money to help keep the company from going down even further. In 1994 it was bad for stockholder but at least they got a dividend, unlike in 1995 when they had dues and no dividends. In 1995 it seems like they are planning something because they started investing over 16 times more than 1994 (from 21 to 330). This could mean they see opportunity coming in the near future. They lowered the lost from operation but still have high
Company has been losing money since the first quarter of 1992. Financial fundamentals are sagging:
By mid-2005 AT kearneys revenue had fallen for 11 straight quarters and it had been unprofitable for the last quarter of 2004 and the first two of 2005, amounting to loss of $36m.
Our commitment to steady, long-term improvement in our products and processes is the cornerstone of our business strategy. To achieve this objective, we must work to continuously improve the overall quality of our design, manufacturing, administrative, and support organizations.
Flat demand and foreign competition made the early 90’s tough for the big three. In 1992 GM chalked up the largest annual loss in US corporate history, around $4.5 billion.
The first analysis will be on Verizon. The current ratio and the debt to equity ratio both improved in 2006 when compared to 2005. However, the net profit margin dropped from 9.8% to 7.0%. What does this tell us as investors...
1987: In the immediate crash and aftermath of October, Berkshire loses 25% of its value, dropping from $4,230 per share to around $3,170. The day of the crash, Buffett loses $342 million personally.
On July 20, 2012, Microsoft posted its first quarterly loss ever, despite earning record revenues for the quarter and fiscal year. Microsoft reported a net loss of $492 million; the 2007 acquisition of advertising company a quantive for $6.2 billion and problems associated with it have been cited as the cause.
Associated Press. (2011). Burger King falls to 1Q loss, sales drop 8 percent. Retrieved from: http://finance.yahoo.com/news/Burger-King-falls-to-1Q-loss-apf-2850409674.html?x=0&.v=1.
The gross profit margin is at 27% which is a percent higher than industry standards. The company is performing good and meeting industry standards in terms of cost of goods sold and sales volume. The net income margin decreased to 0.7% in 2003 a decrease of 0.3% compared to 2002.