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Ericsson (ERIC) reports third quarter 2014

Ericsson 2 hours ago GlobeNewswire Europe

Third quarter highlights

Sales in the quarter were SEK 57.6 (53.0) b., a growth of 9% YoY and 5% QoQ. Sales for comparable units, adjusted for currency, grew by 3% YoY and 2% QoQ
The sales growth YoY, mainly driven by growth in the Middle East, China, India and Russia was partly offset by sales decline in North America
Gross margin increased YoY to 35.2% (32.0%), driven by improved business mix, higher IPR revenues and lower restructuring charges
Profitability showed stable improvement across all segments
Operating income amounted to SEK 3.9 (4.2) b. The decline was mainly driven by revaluation of unrealized hedge contracts of SEK -1.0 (0.8) b.
Cash flow from operating activities was SEK -1.4 (1.5) b.

Ericsson Sales Beat Estimates as Chinese Carriers Boost Spending

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