Thursday, October 17, 2019

Ericsson Posts Loss In Q3, Lifts FY20 Sales View, FY22 Margin View; Stock Up

Shares of Ericsson were gaining around 8 percent in the morning trading in Sweden after the telecom equipment maker lifted its fiscal 2020 sales outlook driven by a stronger 5G market, despite reporting a loss in its third quarter. Börje Ekholm, President and CEO of Ericsson, said, "The largest market for 5G infrastructure will be China where deployments are expected to start near term."

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