Ericsson braces for component cost hit after third-quarter profit beat
World1 source1 country🔦 Under-reported59m ago
Telecom equipment maker Ericsson reported a third-quarter core profit that fell less than analysts had anticipated, resulting in an overall profit beat for the period.
Despite the positive quarterly earnings outcome, the company has warned that it is bracing for a forthcoming hit to its financials driven by rising component costs.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
Channel NewsAsia (SG)Focuses on the future financial challenge of rising component costs
Channel NewsAsia (SG)Emphasizes the better-than-expected decline in core quarterly profit
Newz