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Ericsson Earnings Miss Estimates
2015-04-23 12:54:45| Appliances - Topix.net
Ericsson AB reported first-quarter profitability that missed analysts' estimates amid a slowdown in spending by North American operators. The world's largest maker of wireless networks said the trend is set to continue, sending its stock down the most in more than three years.
Tags: miss
estimates
ericsson
earnings
Ericsson Q1 profits lower as NAmerica market slows
2015-04-23 08:26:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales up 13 percent year-on-year to SEK 53.5 billion, due largely to positive currency effects. Adjusted for comparable units and currency, revenues fell 6 percent, driven by slower mobile broadband activity in North America. Ericsson said it expects the situation to continue in North America in the near term, while it continues to benefit from the booming 4G market in China. This sales mix led to a drop in the gross margin to 35.4 percent in Q1 from 36.5 a year ago, and operating profit fell to SEK 2.1 billion from SEK 2.6 billion due to higher restructuring charges of SEK 0.6 billion. Ericsson also reported negative operating cash flow of SEK 5.9 billion, mainly due to increased working capital. Net profit dropped 14 percent year-on-year to SEK 1.5 billion.
Tags: market
lower
ericsson
profits
Ericsson Q1 turnover hit by slow spending in N America
2015-04-23 02:00:00| Total Telecom industry news
Swedish vendor's CEO says fast pace of 4G rollout in China helped to offset North American slowdown.
Eurobites: Ericsson Takes 5G on the Buses
2015-04-13 15:31:04| Appliances - Topix.net
Also in today's EMEA regional roundup: Nokia looking to offload HERE business; Spotify raises new finance; MTN eyes Nigerian operator. Ericsson AB is joining forces with automotive manufacturer Scania and Sweden's Royal Institute of Technology to explore the role that 5G could play in the transport systems of the future.
Tags: the
takes
ericsson
buses
Bonnier and Ericsson collaborate on Nordic VOD service
2015-04-13 13:00:08| Digital TV News
Ericsson (NASDAQ: ERIC) has been selected to provide the online video platform to the over-the-top (OTT) and live TV subscription video-on-demand (SVOD) service, C More, currently being developed by Bonnier Broadcasting for the Nordic countries.
Tags: service
ericsson
nordic
vod
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