RealTime IT News

Alcatel Powers Higher

Shares of Alcatel rallied 10% Tuesday after the French telecom equipment maker said results will beat analysts expectations.

Alcatel said it expects earnings of 16 cents a share in the quarter, two cents ahead of estimates, on sales of $3.82 billion.

The company cited strong IP routing, optical transmission, wireless and enterprise sales for the better than expected results, which the company released two weeks ahead of schedule.

The broader market finished mixed Tuesday after rising oil prices restrained blue chips.

The Nasdaq rose 8 to 2143, the S&P climbed 3 to 1222, and the Dow slipped 6 to 10,513. Volume rose to 1.93 billion shares on the NYSE, but declined to 1.67 billion on the Nasdaq. Advancers led 18-13 on the NYSE, and 15-14 on the Nasdaq. Upside volume was 62% on the NYSE, and 63% on the Nasdaq. New highs-new lows were 399-23 on the NYSE, and 196-20 on the Nasdaq.

Ameritrade climbed 2% after beating revenue estimates.

Freescale gained 4.4% on a multiyear deal with Motorola .

Ixys , Motive and Open Text plunged on warnings.