Tech Giant Ericsson Posts Solid 3Q Profit
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LM Ericsson, the world's largest supplier of equipment for wireless phone networks, posted a third-quarter profit on Friday that was in line with analysts' expectations but said it expects only slight growth in mobile networks in the coming months.
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Telecom equipment maker Ericsson   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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Japanese-Swedish mobile phone maker Sony Ericsson reports a tripling of its third quarter profit, driven by sales of new camera phones.
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Nokia&#39;s net profit jumped in the third quarter as the company made up for the falling average selling price of its phones by shipping more of them, the company said Thursday.For the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, to &#8364;1.6 billion ($2.3 billion). Net sales rose 28 percent to &#8364;12.9 billion. Earnings per share rose 90 percent to &#8364;0.40.The company shipped 112 million units, 26 percent more than in the same period a year before. Nokia estimates it holds a 39 percent share of the mobile market.The ASP (average selling price) of mobile phones, however, has fallen from &#8364;90 to &#8364;82, Nokia said. The company said it expects the ASP to continue to decline but volume demand to increase through the end of this year and next.The most dramatic change came from Nokia&#39;s Enterprise Solutions business unit, which includes security appliances and software as well its E Series phones, which are aimed at business users. Operating profit for the unit was &#8364;88 million compared to a &#8364;65 million loss in the third quarter of 2006. Nokia attributed the rise to strong sales of its E65 model.Nokia Siemens Networks reported a 120 percent operating profit decline, which Nokia said was due to restructuring costs and other one-time items. The division, launched in April, is a combination of Nokia Networks and Siemens&#39; carrier-related operations for fixed and mobile networks. Nokia said it has identified &#8364;500 million in savings in combining the two entities that will be realized at the end of 2008.However, sales for Nokia Siemens Networks increased 7 percent over the second quarter of this year, which was the first quarter Nokia reported results for the division.
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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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Swedish telecommunication equipment maker Ericsson on Friday reported a gain in second quarter net earnings but its sales performance fell short of market expectations.
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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 analyst estimates.
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ADC Telecommunications Inc.  posted a sharp increase in quarterly profit on Wednesday, beating expectations, and gave a forecast that topped current estimates, sending shares 3 percent higher.
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LM Ericsson, the world&#39;s largest supplier of equipment for wireless phone networks, posted a third-quarter profit on Friday that was in line with analysts&#39; expectations but said it expects only slight growth in mobile networks in the coming months.
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Swedish telecommunication equipment maker Ericsson reported a gain in second quarter net earnings Friday but shares fell by more than four percent as its numbers came in short of market expectations.
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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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French telecommunications equipment maker Alcatel SA swung to a profit in the third quarter, helped by cost-cutting and a rebound in the mobile communications industry, the company said Thursday.
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SEOUL, South Korea - South Korea&#39;s Hynix Semiconductor Inc. said Monday its third-quarter net profit more than tripled from same period last year thanks to steady global prices for memory chips.
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German phone giant Deutsche Telekom AG said Thursday its third-quarter net profit jumped to 1.39 billion euros (&#36;1.73 billion) amid growth at its wireless and Internet businesses, and raised its full-year forecast.
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Walkman phones prove leader of the pack Sony Ericsson saw its profits jump 55 per cent year-on-year in its results for the second quarter of 2007.â¦
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ERICSSON has posted a third-quarter profit in line with analyst expectations but said it expects only slight growth in mobile networks in the coming months.
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LG Electronics Inc., South Korea&#39;s second-largest electronics maker, reported third-quarter profit rose 36 percent, better than analysts expected, after selling a record number of mobile phones.