Ericsson quarterly earnings miss expectations

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STOCKHOLM : Sweden's Ericsson on Friday reported fourth-quarter core earnings that missed expectations for the third quarter in a row, as sales of 5G equipment slowed in high-margin markets such as the United States.The company's quarterly adjusted operating earnings excluding restructuring charges fell t

STOCKHOLM : Sweden's Ericsson on Friday reported fourth-quarter core earnings that missed expectations for the third quarter in a row, as sales of 5G equipment slowed in high-margin markets such as the United States.

The company's quarterly adjusted operating earnings excluding restructuring charges fell to 9.3 billion Swedish crowns from 12.8 billion crowns a year earlier. Analysts' mean forecast for core earnings was 11.22 billion, according to Refinitiv data.

 

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