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Wireless

Ericsson warns for 'significantly' lower Q3

Wednesday 12 October 2016 | 08:55 CET | News
Ericsson has reported preliminary, unaudited third quarter results, saying it expects its business result to be "significantly" lower than company expectations on the back of continuing negative industry trends. These started in the first half and are now being felt, especially in Segment Networks. Revenues for the quarter fell 14 percent year-on-year to SEK 51.1 million, with revenues from Networks down 19 percent to SEK 23.3 million.

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Categories: Mobile & Wireless
Countries: World
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