Ericsson (ERIC) Q4 net income declined to 1.15B kronor ($170M) vs. consensus estimates of 4.24B...

|By:, SA News Editor

Ericsson (ERIC) Q4 net income declined to 1.15B kronor ($170M) vs. consensus estimates of 4.24B kronor and down from 4.32B kronor a year earlier. Revenue of 63.7B kronor (+1%) falls short of 67.4B kronor consensus. North American customers slowed spending and new upgrade contracts in Europe pared margins.