Reporter: David Speakman
Date: 11-10-1999
Company/Ticker/URLAlcatel
Company #2Lucent
Company #3Nortel
Headline: Alcatel Q3 Earnings Beats Street Estimates
Alcatel, the French Telecom hardware giant reported earnings of 21 cents a share for its third quarter beating First Call by 2 cents.
The company reported net sales of about 5 ½ billion dollars up from 5 billion for the same time a year ago.
Increased competition in the optical networking market from Nortel and Lucent affected growth of Alcatels Internet & Optics unit which grew by 32% in the 3rd quarter 1999 compared to a 35% growth rate for the same quarter 1998.
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