Ericsson reports smaller fourth-quarter operating loss than expected

FILE PHOTO: The Ericsson logo is seen at the Ericsson's headquarters in Stockholm, Sweden June 14, 2018. Picture taken June 14, 2018. REUTERS/Olof Swahnberg/File Photo - Copyright Olof Swahnberg(Reuters)

By Reuters

Published on 25/01/2019 - 15:06•Updated 23/04/2024 - 10:17

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STOCKHOLM (Reuters) - Mobile telecom equipment maker Ericsson reported on Friday a smaller fourth-quarter operating loss than expected and said it was on track to reach its financial goals.

The Swedish firm posted an operating loss of 1.9 billion crowns (160.1 million pounds), against a 19.3 billion loss a year ago, and a mean forecast for a 3.0 billion loss seen in a Reuters poll of analysts.