STOCKHOLM Ericsson AB fell to a hefty net loss in the first quarter after booking provisions, write-downs and restructuring costs of 13.4 billion Swedish kronor ($1.51 billion), but said a more focused business strategy should see the company significantly improve its profitability next year.
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The supplier of wireless-communications gear reported a net loss f…
Read the full article at: http://www.foxbusiness.com/features/2017/04/25/ericsson-pushed-to-hefty-loss-by-write-downs-restructuring-costs.html