Sony Ericsson Reports Widening Losses
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- News Source: The Scotsman | about 1 month agoSony Ericsson yesterday posted a smaller than expected third-quarter pre-tax loss, boosted by big cost cuts, but said it expected the market to remain tough for the rest of the year. The global handset market has been hit by the recession and Sony...
- News Source: Washington Post | about 1 month agoMobile phone maker Sony Ericsson on Friday said its losses widened to euro164 million ($245 million) in the third quarter, mainly due to plunging sales, but reassured the market by announcing it had secured new financing from external investors. The...
- News Source: The Irish Times | about 1 month agoSony Ericsson, owned by Swedish Ericsson and Japan's Sony, reported a quarterly pretax loss of €199 million, an improvement on the €283 million loss in the second quarter. "The reduced loss was due to better gross margin, as well as reduced...
- News Source: BBC | about 1 month agoThe company owned by Sweden's Ericsson and Japan's Sony lost 164m euros ($245m; £150m) from July to September. The losses were better than the net loss of 213m euros made in the previous three months, but wider than the 25m euros in the third...
- News Source: International Herald Tribune | about 1 month agoEricsson says losses widened in the third quarter, mainly due to plunging sales and costs related to restructuring. In the earnings report released Friday, the LM Ericsson and Sony Corp. joint venture said its third-quarter net loss came to euro164...
- News Source: Fox News | about 1 month agoMobile handset maker Sony Ericsson said Friday that its third-quarter net loss widened to 164 million euros, from 25 million euros at the same point a year ago. However this result was an improvement on the company's second-quarter loss of 213...
- Blog Source: www.washingtonexaminer.comMobile phone maker Sony Ericsson on Friday said its losses widened to euro164 million ($245 million) in the third quarter, mainly due to plunging sales, but reassured the market by announcing it had secured new financing from external ...
- Blog Source: www.usposttoday.comSony Ericsson's third-quarter net loss widened to EUR164 million from EUR25 million the previous year, beating analysts' expectations for a EUR227 million loss. The company hasn't made a net profit since the second quarter of 2008. ...
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