Ericsson fourth-quarter core profit hit by slowdown in US business, higher costs [MSNBC.com]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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Source: MSNBC.com
An Ericsson AB employee works on 2G, 3G and 4G data networking devices during production at the company's factory in Tallinn, Estonia, on Wednesday, April 22, 2015 Peter Kollanyi | Bloomberg | Getty Images Swedish telecoms equipment group However, sales in the high-margin U.S. dropped during the quarter and digitalization investments as well as costs related to the acquisition of Germany's Kathrein rose. "Due to the uncertainty related to an announced operator merger, we saw a slowdown in our North American business in Q4, resulting in North America having the lowest share of total sales for some time," Chief Executive Borje Ekholm said in a statement. VIDEO 1:57 01:57 See no one ahead of us in 5G race, Ericsson CEO says Squawk Box Europe "However, the underlying business fundamentals in North America remain strong." The company had previously flagged that a proposed merger between Sprint and T- in the United States could impact their spending levels. Ekholm said that sales growth i
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