Ericsson Posts 3rd-Qtr Profit; Stock Drops on Outlook
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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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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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Texas Instruments Inc.  posted a lower quarterly profit on weak demand for its calculators, and gave a disappointing revenue forecast for the third quarter, sending shares down 3 percent on Monday.
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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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Ericsson , the world'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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Shares of Swedish company Ericsson  ERICY.O fell 6.8 percent before the bell Friday after the  world's biggest producer of mobile phone networks reported a  big jump in third-quarter profits but said market growth would  slow next year.
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Wireless equipment maker LM Ericsson AB reported a sharp drop in fourth-quarter net profits and said Friday it would lay off around 1,000 employees in Sweden because of costs cuts.
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Beleaguered Swedish telecom infrastructure group Ericsson, hit hard by a slowdown in the telecom sector, announced on Friday a 17-percent fall in 2007 net profit and the shedding of 1,000 jobs in Sweden.
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SAN FRANCISCO - Advanced Micro Devices Inc. reported a third-quarter profit from a loss a year-earlier on today, but sales fell from the second quarter in line with the chip maker&#39;s recently reduced outlook.
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Swedish telecommunications equipment maker Ericsson today reported a return to net profit in the third quarter, lifted by healthy growth in its international markets.
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Ericsson, the world's biggest producer of mobile phone networks, said market growth would slow next year, sending its share price down sharply despite reporting a big jump in third-quarter profits on Friday.
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The contract electronics manufacturer posted a 90 percent drop in quarterly net profit, but earnings excluding special charges were higher than expected.
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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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Mobile phone maker Sony Ericsson said fourth-quarter profit fell almost 17 percent as higher costs more than offset the effect of a rise in shipments.
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Telecom equipment maker Ericsson  (ERICb.ST) reported on Friday lower-than-expected operating  profit of 7.6 billion Swedish crowns ($1.20 billion) in the  fourth quarter and announced major cost cuts.
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Texas Instruments Inc.  posted  a lower quarterly profit on weak demand for its calculators,  and gave a disappointing revenue forecast for the third  quarter, sending shares down 3 percent on Monday.
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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.