STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Tuesday reported a loss of $2.84 billion in its third quarter.
The Stockholm-based company said it had a loss of 85 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.
The telecommunications equipment provider posted revenue of $5.96 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $6.23 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERIC at https://www.zacks.com/ap/ERIC