STOCKHOLM Swedish biometrics firm Fingerprint Cards (FPC) plunged to an unexpected fourth quarter loss and warned of a hit to sales this quarter as smartphone users hold onto their handsets for longer.
Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors. | Video
STOCKHOLM Ericsson beat fourth-quarter sales and profit margin forecasts on Friday, helped by costs cuts and better than expected demand from U.S. mobile operators for fifth-generation (5G) telecoms equipment.
STOCKHOLM Sweden's Ericsson said it will book a 6.1 billion crown ($687 million) charge for the fourth quarter after a failed revamp of its loss-making Business Support System unit (BSS), as it seeks to protect its profitability targets.
STOCKHOLM, Nov 8 Ericsson on Thursday
raised its sales target for 2020, driven mainly by a recovery in
its hard-hit networks business as the market for next-generation
5G mobile equipment shifts into a higher gear.
* Third-quarter results largely in line with forecasts
(Adds executive, analyst comments; stock pre-market plunge)
STOCKHOLM Mobile telecom equipment maker Ericsson beat third-quarter operating profit forecasts on Thursday, boosted by sales of next-generation 5G gear in North America, and said it was making solid progress toward its long-term financial goals.
STOCKHOLM Nordic Entertainment Group (NENT) hopes to lure investors with robust growth in streaming when it is spun off from Sweden's MTG next year, betting that its Scandi dramas will help it narrow the gap with market leader Netflix.