Tuesday, 11 December 2018

Ericsson issues Q3 profit warning

By Nick Wood, Total Telecom
Wednesday 12 October 16

Revenue, operating income plunge on weaker-than-expected network equipment sales.

Ericsson on Wednesday warned that third quarter revenue and earnings were significantly lower than expected, as economic weakness in some countries took its toll on equipment sales. The Swedish kit maker published unaudited results for the three months to 30 September which showed revenue down 14% year…

Ericsson on Wednesday warned that third quarter revenue and earnings were significantly lower than expected, as economic weakness in some countries took its toll on equipment sales. The Swedish kit maker published unaudited results for the three months to 30 September which showed revenue down 14% year…

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