Ericsson Returns to Profit but Lowers 2005 Outlook
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Ericsson, the world&#39;s largest maker of mobile phone networks, posted a quarterly profit on Friday, but reported disappointing new orders and offered a subdued outlook for 2005.
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Korean mobile maker Samsung says it expects profits to grow in 2005, but brokers warn that harsh competition could mean narrower margins.
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Ericsson, the world's biggest supplier of mobile telecommunication systems, has reported a slight drop in second-quarter net profit as the acquisition of British group Marconi in 2005 continued to weigh on earnings.
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Ericsson, the world's largest supplier of equipment for mobile phone networks, reported fourth-quarter earnings below expectations on Friday and reduced its 2007 market growth forecast.
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LM Ericsson, the world's largest maker of wireless networks, said Friday that strong sales in Asia helped boost earnings 12 percent in the second quarter but its shares dropped as the results missed expectations.
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Ericsson, the world&#39;s biggest mobile  network maker, reported softer-than-expected second-quarter  earnings on Friday but said the company continued to outperform  the market.
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SEOUL, South Korea -- Samsung Electronics Co. said Friday that second-quarter net profit fell 5 percent from a year ago on price declines for its mainstay computer memory chips, but expressed confidence of a rebound in the market.
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Ericsson AB, the biggest maker of mobile-phone networks, reported a fourth straight quarterly profit, helped by cost cuts and equipment demand.
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Swedish telecoms equipment maker  Ericsson reported a lower-than-expected fourth-quarter gross  profit margin on Thursday as the rollout of more mobile  networks added to costs, sending its shares down despite strong  orders.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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Ericsson missed market forecasts for second-quarter earnings as its multimedia drive produced disappointing results and revenue in its key European market stagnated, sending its shares down 5 percent.
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STOCKHOLM, Sweden -- LM Ericsson, the world's largest maker of wireless networks, said Friday that strong sales in Asia helped boost earnings 12 percent in the second quarter but its shares dropped as the results missed expectations.
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Telecom equipment maker Ericsson  (ERICb.ST) reported lower-than-expected profit and announced  sweeping job cuts on Friday as the group hunkered down for what  it expects will be a flat market this year.
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Samsung said Friday that second-quarter net profit fell 5 percent from a year ago on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Texas Instruments Inc posted a 10  percent rise in quarterly profit on Monday, but gave a  disappointing revenue forecast due to the loss of some business  at customer Ericsson, sending its shares down as much as 4  percent.
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Sony Ericsson, the world&#39;s  fourth-biggest mobile phone maker, posted higher second-quarter  sales on Wednesday but its profit and its average phone sale  prices were below analysts&#39; estimates.
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Samsung Electronics, the world's top memory chip maker, reported its smallest quarterly profit in four years after steep declines in computer memory chip prices overshadowed improvements in flat screens.