Saturday, October 22, 2016
Ericsson in the red for third quarter!
The report was in line with a profit warning it issued last week, citing weaker demand for mobile broadband in Brazil, Russia and the Middle East, and saturated markets in Europe after last year’s rollout. “The negative industry trends from the first half of 2016 have further accelerated,” Interim Chief Executive Jan Frykhammar said. — DPA
at 8:15 AM