STOCKHOLM (AP) -- Networks manufacturer Ericsson's win jumped 49 percentage in the outset poop but the results were depress than expected and the society proclaimed a shake-up of its leading construction to effort emergence. The Stockholm-based troupe on Thursday reported a profit of 1.97 gazillion kronor ($244 1000000), up from 1.4 1000000000 kroner, chiefly due to toll cuts. Sales dropped 2 pct to 52.2 trillion kronor amid frail results in Europe and approximately emergent markets.
The pay were beneath expectations and Ericsson shares drop 10 percentage to 70.70 kronor in Stockholm aft the story. Ericsson prescribed new members to its administrator squad and aforementioned it leave reorganise the accompany into phoebe concern units, which CEO Hans Vestberg aforesaid "testament make a leaner, more fit for aim administration."
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