ERICSSON PROFITS
Ericsson, the Swedish telecommunications equipment maker, has announced that it earned 6.695 million kronor (710 million euros) to September, 4% less than in the same period last year.
President and CEO of Ericsson, Hans Vestberg, said in a statement the “strong growth” of its services division in the last three months, which could only partly offset the poorer performance of the Networks division.
The company also said the program overall efficiency and cost control is implementing “progressing according to plan,” which has a positive impact on costs.
The gross profit of the company in the first three quarters of the year stood at SEK 59,150 million, representing an increase of 3% in annual terms.
Similarly, the net operating profit also rose by 3% compared to the reference period, rising up to 10,770 MSEK.
Operating costs increased by 6% between January and September, up to 48.212 million crowns due largely to the rise of 12% in costs for sales and administration.
Ericsson’s turnover rose 8% year on year, reaching 173.352 million kroons between January and September, according to the balance released by the company.
Earnings per share amounted to SEK 2 per share, compared to 2.27 crowns comparison period.
In the last quarter, the benefit of Ericsson shot up 19%, when revenues rose 3%, gross profit fell 1% and net operating profit grew 31%.
NOKIA VOLATILE TO RISE
The Finnish company NOKIA (NOKA) has shown a lot of volatility in recent times.
Still, at least for the moment, we have no sign of weakness within the current range of prices. Increasing minimum and maximum are there, which is what really matters. In the short term, we can not rule out some additional correction but it is certain that, in that it does not pierce the last growing least or minimum reaction in 6.90 euros there is nothing to worry about.
The corrections to the level between 6.90 and 7 euros, weekly closure, are the ideal time to take advantage to open bullish positions.
The first objective of increase is in the resistance of 7.90 euros.
Recently the Finnish company Nokia (owned by Microsoft) announced the purchase of all shares of its French competitor Alcatel-Lucent in a transaction valued at 15,600 million euros.
The transaction will be carried out through a public offer of exchange of shares between the two companies, so that the shareholders of Alcatel-Lucent will receive 0.55 shares in the new company for each title of the former.
Nokia will get 66.5% of the combined group and Alcatel with the remaining 33.5%, creating a giant with about 114,000 employees and 26,000 million euros turnover.
The new company will be called Nokia Corporation, will be based in Finland and will be the world’s second largest manufacturer of mobile phone networks in terms of market share, behind Sweden’s Ericsson.
Read more:
http://company.nokia.com/en/investors
http://www.alcatel-lucent.com/investors
bewayopa 
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