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Ericsson warns for 'significantly' lower Q3

2016-10-12 08:55:00| Telecompaper Headlines

(Telecompaper) Ericsson has reported preliminary, unaudited third quarter results, saying it expects its business result to be "significantly" lower than company expectations on the back of continuing negative industry trends. These started in the first half and are now being felt, especially in Segment Networks. Revenues for the quarter fell 14 percent year-on-year to SEK 51.1 million, with revenues from Networks down 19 percent to SEK 23.3 million.

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