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Ericsson Beats Quarterly Core Profit Estimates Despite Sales Slip
Ericsson's adjusted earnings rose 9.2% above forecasts helped by a $14 billion AT&T contract and cost savings despite a 9% dip in quarterly sales.
Summary by Reuters
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4 Articles
Ericsson beats quarterly core profit estimates despite sales slip
Swedish telecoms equipment maker Ericsson reported a rise in quarterly core earnings that beat expectations on Tuesday, as operational improvements drove margins growth despite a decline in sales.Read MoreThe post Ericsson beats quarterly core profit estimates despite sales slip first appeared on The Who Dat Daily.
·United Kingdom
Read Full ArticleResults were supported by the completion of the sale of the US subsidiary iconectiv
Coverage Details
Total News Sources4
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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