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Ericsson beats profit forecasts and merges its two Asian units
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Ericsson beats profit forecasts and merges its two Asian units
Ericsson’s adjusted earnings before interest, taxes and amortisation (EBITA) came in at SEK 10.1bn ($1bn) in the third quarter. Analysts had expected SEK 7.93bn on average, according to data compiled by Bloomberg. The shares rose as much as 11% in Stockholm on Thursday, Bloomberg reported. It was their biggest intraday gain since 23 January, and […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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Ericsson raised 7% of its organic sales in the third quarter and reported an adjusted EBITA above analysts’ expectations. At the same time, he announced that he will merge his two Asian areas into an APAC unit, while his new CEO, Per Narvinger, warns about the cost pressure and Starlink competition.
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L 100%
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