Sweden’s Ericsson says Q4 profits dropped (AP)

25th January 2012   ·   0 Comments

STOCKHOLM – LM Ericsson, the world-leading wireless equipment maker in terms of market share, on Wednesday shocked the market by posting a much worse-than-expected fourth-quarterly result, mainly blaming operators for turning cautious due to the global financial turmoil. Shares in the company took a severe beating in the opening minutes of the Stockholm stock exchange, tumbling 13 percent to 8.95 kronor ($1.33)

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Sweden’s Ericsson says Q4 profits dropped
(AP)

Tags:  a-net-profit, a-year-earlier-, billion-kronor-, china, disappointing, financial, full, global, industry, nokia-siemens-, results, rolling-out-and, some-countries-, stockholm, Sweden

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