ERIBR.HE Actualités Forex
Ericsson Q3 Profit Drops, Sales Rise; Simplifies Operating Structure; Stock Gains
Swedish telecom major LM Ericsson reported Thursday sharply lower profit in its third quarter, hurt mainly by the absence of prior year's significant divestment gain. Revenues, however, grew from last year, primarily with higher sales in Networks. Following the news, shares of Ericsson were gaining around 11 percent in Sweden, and around 12 percent in the pre-market activity on the Nasdaq.
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Ericsson Stock Drops On Weak Q2, Cautious View On Q3 Networks Margin
Shares of LM Ericsson were losing around 8 percent in Sweden as well as in the pre-market activity on the Nasdaq, after the Swedish telecom major reported Tuesday lower second-quarter profit and sales, mainly due to weak Networks and Enterprise performance. Further, the firm warned on some pressure on Networks adjusted gross margin in the third quarter due to higher volumes of network rollout proj
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