Ericsson reported a smaller-than-expected 7% drop in second-quarter sales as sluggish demand for 5G gear was slightly offset by growth in North America.
Ericsson saw a smaller-than-expected fall in second-quarter revenue helped by growth in North America, the Swedish telecom equipment maker reported on Friday.
Revenue fell 7% to 59.9 billion crowns but topped the 58.3 billion expected by analysts in an LSEG poll.have had to slash thousands of jobs as customers buy less 5G telecom equipment.
Earnings Markets Breaking News: Markets Telefonaktiebolaget LM Ericsson Telefonaktiebolaget LM Ericsson Nokia Oyj AT&T Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shark bites 14-year-old boy at North Topsail Beach in North CarolinaA shark bit a boy swimming in the ocean in North Topsail Beach over the weekend.
Read more »
Short North business manager, pastor walking the Short North this weekend to deter crimeA Short North business manager and Columbus pastor are planning to have a presence in the Short North overnight this weekend to make it clear crime is not welco
Read more »
North Ridgeville Corn Festival Committee seeking volunteers: Short Takes on Avon, Avon Lake and North RidgeviIt’s no easy task to plan and host a festival that attracts thousands of people every summer.
Read more »
North Korea says Russian President Putin will arrive in the North on TuesdayIt will mark Putin’s first visit to North Korea in 24 years as both countries seek to strengthen military cooperation.
Read more »
Alberta Could Be a Top 8 iGaming Market in North America, Analyst SaysIf all goes according to plan, the next gold rush for the online gambling industry could be in Alberta.
Read more »
North Korea Mocks Hunter Biden Trial: Proves America Is ‘a Veritable Hell’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »