Topic: Stockholm

Swedish wireless equipment maker Ericsson reports drop in Q1 profits, sales downSwedish wireless equipment maker LM Ericsson AB on Friday reported a 26 percent drop in first-quarter net profits, with worse-than-expected sales and large restructuring costs weighing on the results.Net profit for ...

Ericsson profit plunges 92 pct as mobile operators cut spending on networks; 1,500 jobs to goWireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter profit as ...