Ericsson exceeds market expectations with 5G boom offsetting Chinese losses

  Ericsson exceeds expectations as the Swedish firm benefits from the roll out of 5G networks, offsetting loss of Chinese market share. Quarterly adjusted operating earnings rose to 11.9 billion Swedish crowns (£951m) from 11 billion a year ago, beating the forecast of 10.30 billion, according to Refinitiv data. Total revenue rose two per cent to[...] The post Ericsson exceeds market expectations with 5G boom offsetting Chinese losses appeared first onCityAM . .. Full story on cityam.com 

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