Ericsson beats fourth-quarter forecasts on cost cuts and U.S. demand
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STOCKHOLM (Reuters) - 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.The results topped expectations for the fourth straight quarter as the Swedish company said increased research and development spending was also strengthening its turnaround. Hit by an industry-wide downturn and heavy losses since 4G network sales peaked in the middle of the..