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.