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Ericsson Soars as Sales Beat Estimates on North America Gain

2013-01-31 23:07:25| Wireless - Topix.net

Ericsson AB, the world's largest maker of wireless networks, jumped the most in almost two years in Stockholm trading after sales beat estimates amid rising spending by North American wireless operators.

Tags: north sales america gain

 

Ericsson Soars as Sales Beat Estimates on North America Gain

2013-01-31 14:32:33| Appliances - Topix.net

Ericsson AB, the world's largest maker of wireless networks, jumped the most in almost two years in Stockholm trading after sales beat estimates amid rising spending by North American wireless operators.

Tags: north sales america gain

 
 

Ericsson posts Q4 loss on ST-Ericsson charges, sales up 5%

2013-01-31 08:50:00| Telecompaper Headlines

(Telecompaper) Ericsson reported a net loss for the fourth quarter, hurt by charges for its planned exit of the ST-Ericsson venture, while sales at the network equipment maker improved. Revenues were up 5 percent from a year earlier and 23 percent higher versus the third quarter at SEK 66.9 billion. Operating profit excluding joint ventures rose 17 percent year-on-year to SEK 4.8 billion, helping the margin improve to 7.1 percent from 6.4. The net result was a loss of SEK 6.3 billion, which includes SEK 8.0 billion in charges for ST-Ericsson and SEK 0.5 billion for a reduction in deferred tax assets due to the cut in tax rates in Sweden. Ericsson improved operating cash flow to SEK 15.7 billion in the quarter and finished the year with total cash of SEK 38.5 billion. The company raised its dividend for 2012 to SEK 2.75 per share from SEK 2.50 a year ago.

Tags: up sales posts loss

 

North America boosts Ericsson sales

2013-01-31 01:00:00| Total Telecom industry news

Swedish vendor's business mix will gradually shift towards more capacity projects, CEO says.

Tags: north sales america north america

 

Ericsson highlights power of connectivity at 2013 Interational CES

2013-01-03 15:36:33| MobileTechNews

Ericsson to make second major appearance at 2013 International CES and will be focusing on its vision of a new connected world.

Tags: power ces highlights ericsson

 

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