Comment on Ericsson profit down 10 pct despite higher sales

Ericsson profit down 10 pct despite higher sales

STOCKHOLM (AP) — Wireless equipment maker Ericsson says its third-quarter earnings slumped 10 percent despite higher sales due to increased operating costs and negative effects from currency hedging. Ericsson said costs rose due to higher research and development spending as well as expenses related to hedging its risks against shifts in foreign currencies.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News