Reported 2 days ago
Ericsson AB reported fourth-quarter earnings that did not meet analysts' expectations due to a lack of anticipated sales growth in India. The company recorded adjusted earnings before interest and taxes of 9.8 billion Swedish kronor, below the forecasted 10.3 billion kronor. While North American sales surged by 54%, the Indian market faced significant declines, although future growth is expected as local companies increase investments.
Source: YAHOO