Ericsson Reports Third-Quarter Operating Profit in SEK Billions
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05:06:10 AM UTC
SquawkNews
Telecom equipment maker Ericsson OMXSTO:ERIC_A on Thursday reported a smaller than expected drop in third quarter core profit and said the RAN market is flat, geopolitical uncertainty remains elevated and component costs are a headwind to gross margin next year.
05:28:16 AM UTC
SquawkNews
STOCKHOLM (dpa-AFX) - Telefonaktiebolaget LM Ericsson (publ) (ERIC) revealed a profit for third quarter that Dropped, from the same period last yearThe company's bottom line totaled SEK5.806 billion, or SEK1.77 per share. This compares with SEK11.149 billion, or SEK3.33 per share, last year.The co…