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Ericsson profit miss sours hopes of quick turnaround

STOCKHOLM (Reuters) - World No. 1 mobile network gear maker Ericsson posted second quarter operating profit well below expectations on Thursday, bruising hopes of a quick recovery at its core network unit.Full story

Ericsson sees 2Q earnings jump despite flat sales

Wireless equipment maker Ericsson AB's second-quarter earnings grew 26 percent compared to a year ago thanks to higher gross margins and lower operating costs, while sales were flat for the period due to currency fluctuations, the company said Thursday. Full story

Ericsson sees smartphone use, video surging

STOCKHOLM (Reuters) - The number of subscriptions for smartphones globally will nearly quadruple by 2018, driving a huge increase in data on mobile networks and forcing operators to invest in high-speed networks, Ericsson said on Monday. Full story

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Related Photos

The exterior of Ericsson's headquarters are seen in Stockholm April 30, 2009. REUTERS/Bob Strong
The exterior of Ericsson's headquarters are seen in Stockholm April 30, 2009. REUTERS/Bob Strong

The exterior of Ericsson's headquarters are seen in Stockholm April 30, 2009. REUTERS/Bob Strong

Chairman Yu Zhengsheng reacts while looking at his self portrait in a picture frame during a visit to Swedish telecommunications company Ericsson in Kista
Chairman Yu Zhengsheng reacts while looking at his self portrait in a picture frame during a visit to Swedish telecommunications company Ericsson in Kista

Chairman Yu Zhengsheng, of the Chinese People's Political Consultative Conference, reacts while looking at his self portrait in a picture frame, which was transferred from a scanner by the touch of his hand, during a visit to Swedish telecommunications company Ericsson in Kista, June 4, 2013. REUTER

Chairman Yu Zhengsheng reacts while trying to lift an early 1970s mobile phone during a visit to the Swedish telecommunications company Ericsson in Kista
Chairman Yu Zhengsheng reacts while trying to lift an early 1970s mobile phone during a visit to the Swedish telecommunications company Ericsson in Kista

Chairman Yu Zhengsheng , of the Chinese People's Political Consultative Conference, reacts while trying to lift an early 1970s 8kg (17.6 lb) mobile phone during a visit to the Swedish telecommunications company Ericsson in Kista, June 4, 2013. (SWEDEN - Tags: POLITICS BUSINESS TELECOMS) ATTENTION ED

Blackhawks' Toews skates the puck around Red Wings' Ericsson during Game 5 of their NHL Western Conference semifinal playoff in Chicago
Blackhawks' Toews skates the puck around Red Wings' Ericsson during Game 5 of their NHL Western Conference semifinal playoff in Chicago

Chicago Blackhawks center Jonathan Toews skates the puck around Detroit Red Wings defenseman Jonathan Ericsson in the 3rd period during Game 5 of their NHL Western Conference semifinal playoff hockey game in Chicago, Illinois May 25, 2013. REUTERS/John Gress (UNITED STATES - Tags: SPORT ICE HOCKEY

Red Wings' Ericsson looks to pass as he is chased by Blackhawks' Kane during Game 4 of their NHL Western Conference semifinals hockey playoff game in Detroit
Red Wings' Ericsson looks to pass as he is chased by Blackhawks' Kane during Game 4 of their NHL Western Conference semifinals hockey playoff game in Detroit

Detroit Red Wings defenseman Jonathan Ericsson looks to pass as he is chased by Chicago Blackhawks right wing Patrick Kane during Game 4 of their NHL Western Conference semifinals hockey playoff game in Detroit, Michigan May 23, 2013. REUTERS/Rebecca Cook (UNITED STATES - Tags: SPORT ICE HOCKEY)

Finland's Laakso collides with Sweden's Ericsson as they fight for the puck, next to Lindberg during their 2013 IIHF Ice Hockey World Championship semi-final match at the Globe Arena in Stockholm