Ericsson does worse than expected

Stefan Mileschin · 26th April 2017, 18:47

Swedish Mobile telecom equipment maker Ericsson has shocked the cocaine nose jobs of Wall Street by posting a a slightly bigger than expected first-quarter operating loss.

The outfit said that the current miserable industry trends and business mix in mobile broadband from 2016 were expected to prevail in 2017.

Sweden’s Ericsson posted an operating loss of $1.4 billion as previously announced provisions, write-downs and restructuring costs pushed it deeper into the red.

All this compared to a modest profit in the year-ago quarter and was just below what Wall Street had expected.

Sales at Ericsson, one of the top global mobile networks equipment makers, were $5.23 billion, below a consensus forecast of $5.34 billion, while the gross margin came in at 13.9 percent compared to the 17.9 percent seen by analysts.

http://www.techeye.net/mobile/ericss...-than-expected

26th April 2017, 18:47	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Ericsson does worse than expected Swedish Mobile telecom equipment maker Ericsson has shocked the cocaine nose jobs of Wall Street by posting a a slightly bigger than expected first-quarter operating loss. The outfit said that the current miserable industry trends and business mix in mobile broadband from 2016 were expected to prevail in 2017. Sweden’s Ericsson posted an operating loss of $1.4 billion as previously announced provisions, write-downs and restructuring costs pushed it deeper into the red. All this compared to a modest profit in the year-ago quarter and was just below what Wall Street had expected. Sales at Ericsson, one of the top global mobile networks equipment makers, were $5.23 billion, below a consensus forecast of $5.34 billion, while the gross margin came in at 13.9 percent compared to the 17.9 percent seen by analysts. http://www.techeye.net/mobile/ericss...-than-expected

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
'Pixels' is somehow even worse than I thought it could be	Stefan Mileschin	WebNews	0	27th July 2015 07:57
Ericsson sues Apple	Stefan Mileschin	WebNews	0	2nd March 2015 07:21
Ebooks worse than paper	Stefan Mileschin	WebNews	0	22nd August 2014 08:18
Intel scoops up ST Ericsson GPS unit	Stefan Mileschin	WebNews	0	30th May 2013 07:48
Ericsson T28z review	Stefan Mileschin	WebNews	0	2nd April 2013 09:08
Samsung complains to US ITC over Ericsson	Stefan Mileschin	WebNews	0	26th December 2012 13:44
Ballmer is world's worse CEO	Stefan Mileschin	WebNews	0	16th May 2012 09:09
Major layoffs at Foxconn ~Crisis is three times worse than first expected	jmke	WebNews	0	23rd December 2008 12:24
Ericsson shows off its 4G LTE technology	Shogun	WebNews	0	7th April 2008 07:53