STOCKHOLM, Jan 20 (Reuters) – Sweden’s Ericsson
on Friday reported fourth-quarter core earnings that
missed expectations for the third quarter in a row, as sales of
5G equipment slowed in high-margin markets such as the United
States.
The company’s quarterly adjusted operating earnings
excluding restructuring charges fell to 9.3 billion Swedish
crowns ($902 million) from 12.8 billion crowns a year earlier.
Analysts’ mean forecast for core earnings was 11.22 billion,
according to Refinitiv data.
($1 = 10.3095 Swedish crowns)
(Reporting by Supantha Mukherjee in Stockholm, editing by Terje
Solsvik)
