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Ericsson reports smaller fourth-quarter operating loss than expected

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Reuters STOCKHOLM
Last Updated : Jan 25 2019 | 12:25 PM IST

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 ($209.7 million), 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.

($1 = 9.0614 Swedish crowns)

(Reporting by Helena Soderpalm and Olof Swahnberg, editing by Anna Ringstrom)

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First Published: Jan 25 2019 | 12:14 PM IST

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