Ericsson
AmericanExample Sentences
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While Europe helped lead the mobile-phone revolution with companies including Nokia and Ericsson, the continent has lagged behind the U.S. and China in the internet age—failing to produce tech giants on the same scale.
Ericsson also said it would propose $1.7 billion in share buybacks.
From Barron's
Ericsson reported sales that were 4% ahead of consensus, driven by its most profitable networks business which beat consensus by 7%, the bank says.
Ericsson was the biggest riser in the Stoxx 600 index—up 12%—after raising its dividend and announcing a $1.7 billion buyback plan.
STOCKHOLM—Ericsson raised its dividend and said it would propose a buyback program of around $1.7 billion as it seeks to return cash to shareholders following the recent sale of its U.S.-based Iconectiv business and continued cost-cutting measures.
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